(Download) "Anadarko Petroleum Corporation v." by Supreme Court of Delaware ~ Book PDF Kindle ePub Free
eBook details
- Title: Anadarko Petroleum Corporation v.
- Author : Supreme Court of Delaware
- Release Date : January 23, 1988
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
ON MOTION FOR REARGUMENT OR REHEARING EN BANC Submitted: July 8, 1988 Decided: August 12, 1988 Anadarko seeks reargument on related contentions. First, Anadarko argues
that by relying on the Information Statement to support the Conclusion that a fiduciary relationship did not exist between
Anadarko's directors and its prospective stockholders, this Court has implicitly recognized the proposition that disclosure
can relieve a director of the duty of loyalty. Second, Anadarko contends that if disclosure can relieve a director of the
duty of loyalty, it is important for this Court, upon reconsideration, to establish a clear test for adequacy of disclosure.
Finally, Anadarko seeks the opportunity to litigate the factual adequacy of disclosure upon remand to the Court of Chancery.