Stephen Goldman, Ph.D., Esq.

From the Law Journal:

In its eagerly awaited June 2006 decision in In re Walt Disney Company Derivative Litigation (Disney V),1 the Delaware Supreme Court, the court at the “center of the corporate universe,”2 held that the good faith required of corporate directors encompasses “not simply the duties of care and loyalty, . . . but all actions required by a true faithfulness and devotion to the interests of the corporation and its shareholders.”3 The Disney standard4—what we call the “new” good
faith—differs from traditional notions of the concept...