Del. Lessons For Director-Nominees On Sharing With Activists

Thu Apr 18 03:00:09 PDT 2024

Del. Lessons For Director-Nominees On Sharing With Activists
<https://www.law360.com/mergersacquisitions/articles/1824554?nl_pk=a34c25b5-f021-4515-a5f9-06e53584a502&utm_source=newsletter&utm_medium=email&utm_campaign=mergersacquisitions&utm_content=2024-04-17&read_main=1&nlsidx=0&nlaidx=14>

The Delaware Chancery Court's recent decision in Icahn Partners v. deSouza
finding that a director wasn't permitted to share certain privileged
information with the activist stockholders that nominated him shows the
need for companies to consider imposing appropriate confidentiality
requirements on directors, say attorneys at Sullivan & Cromwell.

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