The Supreme Court of Delaware Monday, in a decision reversing the Delaware Court of Chancery, rejected its own rigorous bad-faith pleading standard in a case involving a plaintiff's challenge to a conflicted transaction by a master limited partnership.
March 20, 2017 at 07:37 PM
1 minute read
The Supreme Court of Delaware Monday, in a decision reversing the Delaware Court of Chancery, rejected its own rigorous bad-faith pleading standard in a case involving a plaintiff’s challenge to a conflicted transaction by a master limited partnership.
The holding brought the state back in line with its traditional corporate law approach.
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