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DE Supreme Court Clarifies <b><i>In Pari Delicto</i></b> Doctrine

The Delaware Supreme Court, in a recent order affirming the opinion of the Delaware Court of Chancery, provided clear guidance about when third-party corporate advisers may raise the <I>in pari delicto</I> defense as a shield to claims brought by or on behalf of the corporation.

6 minute read January 31, 2016 at 11:00 PM
By
P. Clarkson Collins Jr.
DE Supreme Court Clarifies <b><i>In Pari Delicto</i></b> Doctrine

The Delaware Supreme Court, in a recent order affirming the opinion of the Delaware Court of Chancery, provided clear guidance about when third-party corporate advisers may raise the in pari delicto defense as a shield to claims brought by or on behalf of the corporation.

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