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C-Suite Liability Shield Poised For More Shareholder Balloting

Special Counsel Nicholas Perricone was quoted in a Bloomberg Law article discussing Delaware's changed General Corporation Law, which allows companies to limit the monetary liability of certain executives, including the CEO and CFO, for duty of care breaches. Nick commented, "Now that the duty of care is eliminated for officers too, it’s yet to be seen if officers of Delaware corporations will begin to operate in an even more careless or risky manner."


Bloomberg Law