Vice Chancellor: Directors And Officers Did Not Breach Their Fiduciary Duties

Vice Chancellor: Directors And Officers Did Not Breach Their Fiduciary Duties

WILMINGTON, Del. - A Delaware vice chancellor found in favor of a company's directors and officers on Aug. 16, holding that because the value of common shares in the company before the sale was zero, there was nothing wrong with the common shareholders taking nothing from the sale (In re Trados Incorporated Shareholder Litigation, No. 1512-VCL, Del. Chanc.; 2013 Del. Ch. LEXIS 207).

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