In Shaev v. Adkerson, C.A. No. 10436-VCN (Del. Ch. Oct. 5, 2015), the Delaware Court of Chancery dismissed claims for breach of fiduciary duty including the disclosure obligations of the board which granted stock units valued at approximately $35 million in connection with its decision to settle potential claims that could have been brought for more than $46 million [subscribers can access an enhanced version of this opinion: lexis.com | Lexis Advance]. The most noteworthy aspects of this opinion can be highlighted as follows:
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