Albert Manwaring
Partner
Chancellor Chandler released two opinions in early February of 2007 in which the Court of Chancery held that the practice of backdating or spring-loading stock options may result in breaches of fiduciary duty under Delaware law.
Listen to this podcast with Albert Manwaring, a partner in the Wilmington office of Pepper Hamilton and a member of the firm’s Litigation and Dispute Resolution Department, as he explains why these rulings are important and how they have followed a recent wave of publicity and a surge of litigation concerning improper directorial action in granting stock options at a number of large public companies.
If you would like to read more about litigation matters, email podcasts@pepperlaw.com to request the latest edition of Pepper Hamilton’s Corporate Litigation Update.
(Running Time: 10:40)
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