United States revlongood faith

Lyondell Chemical Co v Ryan

970 A.2d 235 (Del. 2009)

JurisdictionUnited States

CourtSupreme Court of Delaware

Year2009

StatusBinding authority

Key Principle

Revlon does not require a specific course of action; directors breach their duty only if they knowingly and completely fail to attempt to obtain the best sale price.

Area of Law

corporate

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