1. Can Delaware Corporate Shareholders Waive Breach Of Fiduciary Duty Claims?

    Can Delaware Corporate Shareholders Waive Breach Of Fiduciary Duty Claims?

    In Manti Holdings, LLC v. The Carlyle Group Inc. , (Del. Ch. Feb. 14 2022 ) , the Delaware Court of Chancery analyzed whether a stockholder in a Delaware corporation can waive claims against corporate directors for breach of fiduciary duties. The short answer is no. Or, maybe more precisely, not yet and not without a clear waiver. The Manti plaintiffs were Authentix common stockholders...

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