United States interested director transactionssection 144 safe harborbusiness judgment rule

Benihana of Tokyo Inc v Benihana Inc

906 A.2d 114 (Del. 2006)

JurisdictionUnited States

CourtDelaware Supreme Court

Year2006

StatusBinding authority

Key Principle

A director who stands on both sides of a transaction has a conflict that can trigger entire fairness review, but the transaction may still be upheld if it is entirely fair.

Area of Law

corporate

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