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You are here: Corporate Team The Board Directors' Duties in M&A Context Lyondell, Revlon & The Duty of Good Faith

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Lyondell, Revlon & The Duty of Good Faith

Lyondell: A Victory for Corporate Directors in the Delaware Supreme Court

Squire Sanders
May 2009

Please see our Hot Topics for more on this subject.

Lyondell Chemical Co. v. Ryan: Yes, You Can (Purchase or Sell a Delaware Company with a Preemptive Bid to a Disinterested Board)

Paul Hastings
April 28, 2009

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Delaware Supreme Court Rejects Bad Faith Claim Against Lyondell Board: The Court Rejects a Claim that a Truncated Sale Process Run by an Independent Board Violated the Directors’ Duty to Act in Good Faith

Sullivan & Cromwell
April 23, 2009

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Lyondell Chemical Corp. v. Ryan: Delaware Supreme Court Holds Board's Accelerated Process for Sale of Company Did Not Constitute Bad Faith Breach of Revlon Duties

Perkins Coie
April 23, 2009

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Delaware Supreme Court Overturns Court of Chancery Decision in Ryan v. Lyondell; Determines That Revlon Duties Do Not Prohibit Acceptance of a Compelling, Pre-Emptive Bid From a Strategic Buyer

Milbank
April 13, 2009

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Delaware Supreme Court Provides Comfort to Directors Regarding Process of Selling Company and Reverses Decision of Delaware Chancery Court

Greenberg Traurig
April 13, 2009

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Delaware Supreme Court Reaffirms Director Protections and Clarifies Revlon Duties in Sale Transactions

Pepper Hamilton
April 10, 2009

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Delaware Supreme Court Reverses Chancery in Lyondell

Vinson & Elkins
April 2, 2009

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Delaware Supreme Court Rules That Directors Did Not Breach Duty of Loyalty in Approving $13 Billion Merger

Troutman Sanders
April 8, 2009

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