United States business judgment ruleentire fairnessduty of care

Cede & Co v Technicolor Inc

634 A.2d 345 (Del. 1993)

JurisdictionUnited States

CourtDelaware Supreme Court

Year1993

StatusBinding authority

Key Principle

Once the business judgment presumption is rebutted by showing the board failed to inform itself, the burden shifts to the board to prove entire fairness.

Area of Law

corporate

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