In this article by delewarelitigation.com, Francis Pileggi discusses a recent court explaination of Deleware law, in respects to the requirements necessary for a director can be found liable for breach of their oversight duties. Francis gives the background facts of the case, as well as key legal principles addressed.

Deleware Court Describes Board Duty of Oversight

The Delaware Court of Chancery recently provided an exemplary explanation of Delaware law on the requirements that must be met before directors can be found liable for breaching their duty of oversight. Reiter v. Fairbank, C.A. No. 11693-CB (Del. Ch. Oct. 18, 2016).
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