Delaware Chancery Permits Shareholder to Sue Board for Backdating Stock Options

Business Valuation UpdateVol. 13 No. 4
Legal and Court Case Update
April 2007

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3674 Semiconductors and Related Devices
334413 Semiconductor and Related Device Manufacturing
breach of fiduciary duty
Ryan v. Gifford
2007 U.S. Del. Ch. LEXIS 22
February 6, 2007
US
State Court
Delaware
Court of Chancery
J. Jackson Shrum, Jeffrey L. Moyer, John M. Potter, Kelly E. Farnan, Michael J. Ioannou, Norman M. Monhait, Peter J. Walsh Jr., Timothy R. Dudderar
none
Chandler

Summary

Delaware Chancery Court permits shareholder derivative suit to proceed against corporate board in the stock option backdating context.

See Also

Ryan v. Gifford

Full Text of Court Cases
February 6, 2007

Delaware Chancery Court permits shareholder derivative suit to proceed against corporate board in the stock option backdating context.