The article “Safe Harbor: The Compensation Litigation Quagmire” reviews recent compensation cases and rulings in the Delaware Court of Chancery.
Kevin Miller, partner in Alston & Bird’s Corporate Transactions & Securities Group, said the decision in Denton v. Ramtron, in which the court dismissed shareholder claims that the company's board violated its fiduciary duties, “reflects a trend, though not universal, indicating that the Court of Chancery is taking a tougher stance on disclosure claims in settlements as well as motions to dismiss.”
Kevin Miller, partner in Alston & Bird’s Corporate Transactions & Securities Group, said the decision in Denton v. Ramtron, in which the court dismissed shareholder claims that the company's board violated its fiduciary duties, “reflects a trend, though not universal, indicating that the Court of Chancery is taking a tougher stance on disclosure claims in settlements as well as motions to dismiss.”