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DE Supreme Court Partially Overrules Pfeiffer v. Toll, Expands Application of Brophy
Practical Law Legal Update 9-506-5807 (Approx. 4 pages)
DE Supreme Court Partially Overrules Pfeiffer v. Toll, Expands Application of Brophy
by PLC Corporate & Securities
| Published on 21 Jun 2011 • Delaware, USA (National/Federal) |
An update on the decision of the Delaware Supreme Court in Kahn v. Kohlberg Kravis Roberts & Co., L.P. that reverses the Chancery Court's ruling and partially overrules Pfeiffer v. Toll, expanding the availability of Brophy claims for insider trading.