About

John Stigi is a partner in the Business Trial Practice Group, leader of the firm's Securities Enforcement and Litigation Team, and Office Managing Partner of…

John Stigi is a partner in the Business Trial Practice Group, leader of the firm's Securities Enforcement and Litigation Team, and Office Managing Partner of the firm's Century City office.

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In Coster v. UIP Companies, Inc., No. 49-2020, 2021 WL 2644094 (Del. June 28, 2021), the Delaware Supreme Court reversed a Court of Chancery ruling, No. 2018-0440-KSJM, 2020 WL 429906 (Del. Ch. Jan. 28, 2020) (McCormick, V.C.), that members of a board of directors did not breach their fiduciary duties when they approved a transaction with an “inequitable purpose” because the process and substance of the transaction were “entirely fair” to the aggrieved stockholder.  The Court held that even though the board’s action passed Delaware’s rigorous “entire fairness” review, the Court of Chancery should have further considered whether… Continue Reading Delaware Supreme Court Holds That Surviving “Entire Fairness” Review is Not Conclusive of a Breach of Fiduciary Duty Claim Where Directors Acted Inequitably

About

John Stigi is a partner in the Business Trial Practice Group, leader of the firm's Securities Enforcement and Litigation Team, and Office Managing Partner of…

John Stigi is a partner in the Business Trial Practice Group, leader of the firm's Securities Enforcement and Litigation Team, and Office Managing Partner of the firm's Century City office.