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70 Vand. L. Rev. En Banc 1 (2017)

handle is hein.journals/valewenb70 and id is 1 raw text is: DELAWARE CORPORATE LAW BULLETIN Delaware Courts Diverge on Whether Cleansing Effect of Corwin Applies to Duty of Loyalty Claims Robert S. Reder* Tiffany M. Burba** Comstock requires a finding that entire fairness review is inapplicable before Corwin triggers business judgment deference. Larkin applies Corwin's cleansing effect to all transactions absent a controlling stockholder. INTRODUCTION ................................................ 2 I. COMSTOCK....................................... 3 A. Factual Background ............ ................ 3 B. Chancellor Bouchard's Analysis .................. 4 II. LARKIN ...................5..... ...............5 A. Factual Background ................. 5 B. Vice Chancellor Slights'Analysis ...... ........... 6 III. THE COR WIN QUESTION .......... ............... 6 CONCLUSION................................................... 9 POST SCRIPT ..................................................9 * Robert S. Reder, Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011. ** Tiffany M. Burba, a J.D./M.S. Finance Candidate at Vanderbilt University, will be starting as an associate at Cadwalader, Wickersham & Taft in the fall of 2017. 1

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