In re Orchid Cellmark: Delaware Chancery Court Reviews Disclosure of Projections | Practical Law

In re Orchid Cellmark: Delaware Chancery Court Reviews Disclosure of Projections | Practical Law

An update on the Delaware Court of Chancery's opinion in In re Orchid Cellmark Inc. Shareholder Litigation holding that a board only needs to disclose the projections which it and its financial advisors relied on even when they are not the projections endorsed by management.

In re Orchid Cellmark: Delaware Chancery Court Reviews Disclosure of Projections

Practical Law Legal Update 9-506-1654 (Approx. 4 pages)

In re Orchid Cellmark: Delaware Chancery Court Reviews Disclosure of Projections

by PLC Corporate & Securities
Published on 19 May 2011 • Delaware, USA (National/Federal)
An update on the Delaware Court of Chancery's opinion in In re Orchid Cellmark Inc. Shareholder Litigation holding that a board only needs to disclose the projections which it and its financial advisors relied on even when they are not the projections endorsed by management.