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- Title
Lyondell: A Note of Approbation.
- Authors
BRATTON, WILLIAM W.
- Abstract
The article discusses the significance of the decision of the Delaware Supreme Court in the merger case Lyondell Chemical Co. v. Ryan. The case has reportedly reduced the intensity of scrutiny of target boards under the rule set in Revlon Inc. v. MacAndrews & Forbes Holdings Inc. The tension in the fiduciary law in Delaware between best practices in informal conversations within the corporate governance community and their place in the standard of conduct imposed on litigated cases is described.
- Subjects
UNITED States; APPELLATE courts; MERGERS &; acquisitions law; FIDUCIARY liability; LYONDELL Chemical Co.; REVLON Inc.; MACANDREWS &; Forbes Holdings Inc.; ACTIONS &; defenses (Law)
- Publication
New York Law School Law Review, 2010, Vol 55, Issue 2, p561
- ISSN
0145-448X
- Publication type
Article