Two Delaware Chancery Court Decisions Help Define the Scope of Liability for Private Fund Portfolio Company Directors

Hedge and private equity fund managers whose employees serve as directors of portfolio companies should understand the scope of potential liability with respect to their service as a company director and how they can shield themselves from such liability.  The Delaware Chancery Court has, within the past two years, issued two separate decisions in a single case that will help define company director liability.  This article details these two decisions.

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