Chancery Dismisses Executive Compensation Action For Failure To Plead Demand Futility
By EsqSocial Corporation 25/04/25
Eckert v. Hightower, C.A. No. 2024-0569-MTZ (Del. Ch. Mar. 24, 2025) - A board of directors approved compensation packages for the company’s CEO, who also was its controlling stockholder. The CEO was a member of the compensation committee and the board, and though he abstained from voting on his compensation, he often was part of the committee and board meetings....
By: Morris James LLP