Business judgment rule protects board’s decision to maximize the value of an insolvent Delaware corporation even if it puts creditors at risk; but it does not protect transfers of value from the corporation to a controlling shareholder or related party

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Location
USA
Firm
Mintz
Tags
USA
Delaware
Company & Commercial
Insolvency & Restructuring
Litigation
Mintz
Shareholder
Fiduciary
Business judgement rule
Delaware General Corporation Law