Not So Sweet: Delaware Supreme Court Revives Caremark Claim, Provides Guidance On Directors’ Oversight Duties
June 24, 2019
Last week, the Delaware Supreme Court reversed the Delaware Court of Chancery’s dismissal of a Caremark claim that arose out of the Blue Bell ice cream listeria outbreak in the mid-2010s.
See Marchand v. Barnhill, No. 533, 2018 (Del. June 18, 2019). The Delaware Supreme Court’s opinion in this closely watched case provides useful guidance to directors on the proper role of the board in overseeing risk management.
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