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Delaware Court of Chancery Allows Claim for Breach of Fiduciary Duty for Approval of Stock Options in Violation of Stock Option Plan

Pfeiffer v. Leedle, C.A. No. 7831-VCP (Del. Ch. Nov. 8, 2013) [ an enhanced version of this opinion is available to lexis.com subscribers ]. Issue Addressed : Whether the approval of stock option grants that exceeded the maximum number of stock options allowed under the stock incentive plan was the...