Taft partner Matt Albaugh was quoted in the Agenda article "'Easy Fix' Delaware Case Puts Directors in Crosshairs," which was published on July 18. The article discusses how a recent Delaware Chancery Court ruling in Garfield v. Allen could open a new avenue for stockholder litigation. Albaugh noted that if boards or demand committees do not respond to demand letters, they are potentially exposing themselves to potential liability. To read the full article, visit here (subscription required).
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Albaugh is a litigation partner in Taft's Indianapolis office. He helps companies navigate through the challenges of high-stakes commercial litigation, M&A litigation, regulatory compliance, investigations by federal and state regulators, and corporate governance.