Author: Alison Pascucci

Alison assists clients on a range of corporate and transactional matters and supports both domestic and cross-border transactions. As an associate in Dorsey’s corporate group, Alison combines her legal skills and business background to help clients achieve their goals.

The Importance of Full Disclosure

Directors and officers of corporations owe a duty of care and a duty of loyalty to both the corporation and its shareholders, although the duty of care for directors can be exculpated.  A breach of these fiduciary duties can expose such directors and officers to liability.  In Morrison v. Berry, No. 12808-VCG, 2019 Del. Ch. LEXIS 1412 (Ch. Dec. 31, 2019), a recent decision published by the Delaware Chancery Court, Vice Chancellor Glasscock granted motions to dismiss against the majority...