Why Calif. Applying Del. Caremark Standard Is A Big Deal

By Warren Rissier, Karen Pieslak Pohlmann and Robert O’Leary (September 27, 2023, 4:38 PM EDT) -- In Kanter v. Reed, where review was denied by the California Supreme Court on Aug. 30, the Court of Appeal of the State of California for the Second Appellate District, applying California law, followed the Caremark framework used by Delaware courts to evaluate breach of fiduciary duty claims based on an alleged failure of oversight.[1]...

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