c j energy services, inc. v. city of miami general employees sanitation employees retirement trust /

When a Delaware company board pursues a transaction that would result in a change in corporate control,Delaware law subjects the board to an enhanced duty to maximize short-term value for the corporation’s shareholders. This duty is called a Revlon duty because it emerged from a series of cases beginning with Revlon, Inc. v. MacAndrews […]

Source: harvardlawreview.org