Ethan Townsend
Subscribe to Ethan Townsend's PostsEthan H. Townsend focuses his practice on litigating corporate, securities and complex business matters. With a particular focus on litigation in Delaware’s federal and state courts, he represents companies and individuals relating to Delaware corporations and alternative entities. Ethan also handles matters in the Delaware Court of Chancery, Delaware Supreme Court and the Delaware Superior Court’s Complex Commercial Litigation Division. Ethan also represents companies in intellectual property litigation in the District of Delaware. Read Ethan H. Townsend'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...
Continue Reading
