Nilofer Umar, Author at Enhanced Scrutiny

About Nilofer Umar

Chicago

Entries by Nilofer Umar

20 03 '23

Court of Chancery Dismisses Director Oversight Claims Related to Mission Critical Risk

March 20, 2023/in Best Practices, Caremark, Derivative Litigation, Section 220/Inspection Rights/by Nilofer Umar

In a March 1, 2023 opinion (In re McDonald’s Corp. Stockholder Derivative Litig., C.A. No. 2021-0324-JTL), the Delaware Court of Chancery dismissed duty of oversight claims against director defendants and […]

14 02 '23

Delaware Court of Chancery Addresses Officer Oversight Obligations

February 14, 2023/in Best Practices, Caremark, Derivative Litigation/by Nilofer Umar

In a January 25, 2023 opinion (In re McDonald’s Corp. Stockholder Derivative Litig., C.A. No. 2021-0324-JTL), the Delaware Court of Chancery clarified that corporate officers’ fiduciary duties encompass a duty […]

13 09 '22

Board’s Good-Faith Oversight of “Mission Critical” Risks Insulates Directors from “Caremark” Claim

September 13, 2022/in Board Minutes and Materials, Caremark, Derivative Litigation/by Nilofer Umar

In 1996, the Delaware Court of Chancery issued its seminal decision in In re Caremark International Inc. Derivative Litigation, which establishes the framework for director oversight liability under Delaware law. […]

About Nilofer Umar

Entries by Nilofer Umar

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