Welcome to the seventh issue of Securities and Corporate Governance Litigation Quarterly, Seyfarth’s quarterly publication of the Securities & Financial Litigation Group focusing on decisions or other items of interest for corporate and transactional lawyers. Each summary below is followed by key practice takeaways.
Delaware Chancery Court Clarifies Roadmap for Avoiding Challenges to Director Compensation Decisions
In a much awaited decision, the Delaware Court of Chancery recently decided In re Investors Bancorp. Inc. Stockholder Litig.
, No 12327-VCS (Del. Ch. April 5, 2017), in which it applied the business judgment standard of review and rejected the stockholders’ challenge to compensation amounts the directors set for themselves.