Chancery Court Blocks Use of Business Judgment Rule in Derivative Suit

, Delaware Business Court Insider

   | 0 Comments

The Delaware Court of Chancery has blocked the directors of the biotechnology firm Sorrento Therapeutics Inc. from invoking business judgment protections to guard against derivative claims that they used two schemes to siphon value away from the company and into their own pockets.

This premium content is reserved for Delaware Business Court Insider subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202791850217

Thank you!

This article's comments will be reviewed.