1. The Dwindling of Revlon.
- Author
-
Johnson, Lyman and Ricca, Robert
- Subjects
- *
LEGAL status of corporate directors , *FIDUCIARY responsibility , *MERGERS & acquisitions law , *BREACH of fiduciary responsibility , *STOCKHOLDER wealth , *EXECUTIVES' liability insurance , *ACTIONS & defenses (Law) - Abstract
The article discusses the Supreme Court of Delaware's ruling in the 1986 case Revlon Inc. v. MacAndrews & Forbes Holdings Inc. which deals with the duties of corporate directors in relation to merger and acquisition (M&A) activities. Breaches of duties and Delaware decisional law are mentioned, along with a Revlon duty which focuses on the efforts of directors to maximize shareholder value. Directors and officers liability insurance and fiduciary duties are examined, along with damages.
- Published
- 2014