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Home / Opinion Digests / Corporate – Takeover Attempt – Advice To Target – Directors' Action (access required)

Corporate – Takeover Attempt – Advice To Target – Directors' Action (access required)

Where the magistrate judge, in considering the extent to which Tyson may discover, the substance of professional advice given to the target in the face of Tyson's takeover attempt, ruled that the Virginia standard of director conduct is a process-oriented one, not a substantive one, and that such substantive inquiry is inappropriate, this ruling is ...

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