Complaint Dismissed Delaware Court Issues Significant Backdating Decision
Mondaq Business Briefing › United States Law Articles in English (2007)
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Complaint Dismissed Delaware Court Issues Significant Backdating Decision
On June 7, Vice Chancellor Strine of the Delaware Chancery Court issued a significant 75-page decision in a stockholder's derivative action alleging stock option manipulation. See Desimone v. Barrows, C.A. No. 2210-VCS (Del. Ct. Ch. June 7, 2007) ("Sycamore Networks"). This decision is important for at least two key reasons: (1) it sets a high bar f...
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