Benjamin Strauss
Subscribe to Benjamin Strauss's PostsBenjamin (Ben) Strauss focuses his practice on mergers and acquisitions, private equity, venture capital, corporate finance and securities, and Delaware corporate and alternative entity laws. He also advises boards of directors, special committees and equity holders on fiduciary duties and other corporate governance matters related to Delaware corporations, limited partnerships and limited liability companies, including in connection with conflict transactions. Read Benjamin Strauss 's full bio.
Court of Chancery Holds That Corporate Officers Owe Duty of Oversight in Sexual Harassment and Misconduct Case
By Nathan Barnett, Ethan Townsend, Thomas P. Conaghan, Benjamin Strauss and Marina Leary on Mar 7, 2023
Posted In Fiduciary and Investment Issues
On January 25, 2023, the Delaware Court of Chancery held, for the first time, that the rationale for a duty of oversight (Caremark duty) owed by directors of Delaware corporations applies equally, if not to a greater degree, to officers. In re McDonald’s Corp. Stockholder Derivative Litigation, C.A. No. 2021-0324-JTL (Del. Ch. Jan. 25, 2023). However, this...
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