kaal:claim:kaal-2013-acomparativeperspectiveo-007

Oversight liability in Delaware can be established only on a showing that the directors knew they were not discharging their fiduciary duties or consciously disregarded their responsibilities.

Source quote, verbatim

However, oversight liability can be established if the plaintiff showed that "the directors knew that they were not discharging their fiduciary [duties] or that the directors demonstrated a conscious disregard for their

From

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Introduction, discussing In re Citigroup, p. 5
· source PDF

Cite as

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

Holds when

Delaware oversight litigation

Classification

conditionsupport: evidencedlaw-and-legal-systemscorporate-governance

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