ABA Section of Business Law
eSource
Buyer Beware: The Fiduciary Duties of a Buyer's Board.
- The fiduciary obligations of a selling corporation's board of directors in the context of a corporate sale transaction, and the permissible scope of so-called "deal protection" measures, have been the subject of frequent analysis in both case law and legal commentary. The fiduciary obligations of a buyer's board in connection with such a transaction, however, have received scant attention until a recent decision of the Delaware Court of Chancery.
