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Delaware Law Update: Director Indemnification and Advancement of Legal Expenses (Part II)

by Staff of the Firm | Dec 27, 2016 | Business Management, Delaware Law Update, Uncategorized

In Narayanan v. Sutherland Global Holdings, Inc.,[1] there were three documents that were relevant to Narayanan’s rights to indemnification and advancement of expenses.  First, the company’s certificate of incorporation authorized indemnification and advancement...

Delaware Law Update: Director Indemnification and Advancement of Legal Expenses (Part I)

by Staff of the Firm | Dec 13, 2016 | Business Management, Delaware Law Update, Uncategorized

Companies get sued all the time.  Directors and officers often get named in lawsuits as those responsible for important corporate actions and are particularly vulnerable in that regard.  For this reason, many companies offer their directors and officers liability...

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