1. Fiduciary Duties

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    2. Board Observers’ Functions Are Distinct from Directors for Liability Purposes Under Section 11

      Board Observers’ Functions Are Distinct from Directors for Liability Purposes Under Section 11
      Last week, the United States Court of Appeals, Third Circuit issued a ruling in Obasi Investment Ltd v. Tibet Pharm., Inc which pronounced that under Section 11 of the Securities Act of 1933, a board observer is not a person performing similar functions as a director on a corporate board...
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  2. Quotes about Fiduciary Duties

    1. The personal tax position of the Murdoch family must be an irrelevant consideration for the board, in order for the board to comply with their fiduciary duties.
      In Activist Investor Chris Hohn Says he Would Back Cash Bid by Comcast for Fox Assets
    2. The class action lawsuit claims that Starbucks' board of directors and executive officers breached their fiduciary duties and
      In Shareholders Sue Starbucks For $2.8 Billion Over Dispute With Kraft
    3. It raises questions about the board, corporate governance and fiduciary duties.
      In Viacom Names CEO Dauman as Chair as Redstone Exits; Daughter Protests