Focus (Forum & Focus)
Jul. 11, 2008
Is Silence Always Golden?
A recent decision in Delaware case is an emphatic statement on the boundaries of securities holders' rights and importance of exercising care when disclosing information to others, write Louis R. Dienes and Richard Dinets. - Focus Column
By Louis R. Dienes and Richard Dinets
This article appears on Page 5
In Corporate Property Associates v. CHR Holding, 3231 (Del. Ch. Apr. 10, 2008), the Delaware Court of Chancery recently ruled that "warrantholders are not owed fiduciary duties" by the corporation's board of directors, but even in the absence of such duties, if a corporation decides to answer questions, it takes on a "duty ...
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