Delaware Courts Simplify Rules for Derivative Actions, Analyze SPAC Fiduciary Duty Review and Clarify Books-and-Records Obligations

Reuters Legal

Arthur R. Bookout Edward B. Micheletti Lauren N. Rosenello

Members of Skadden's Wilmington litigation team review recent decisions by Delaware courts that simplified rules for derivative actions, clarified books-and-records obligations, and analyzed fiduciary claims against SPAC directors and sponsors.