The Dwindling of Revlon.

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.