{"id":1235,"date":"2021-06-22T02:52:58","date_gmt":"2021-06-22T02:52:58","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=insight&#038;p=1235"},"modified":"2022-04-11T10:56:35","modified_gmt":"2022-04-11T15:56:35","slug":"supreme-court-of-delaware-decision","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/us\/insight\/supreme-court-of-delaware-decision\/","title":{"rendered":"Supreme Court of Delaware Decision"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column]\n\t<div class=\"hero hero--wrap    \">\n\n\t\t<div class=\"hero--background-image hero--background-image-blur\">\n\t\t\t<div class=\"hero--overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"hero-background\" style=\"background: url(https:\/\/www.bbrown.com\/wp-content\/uploads\/2021\/12\/White-Paper-Header-\u2013-New-Supreme-Court-of-Delaware-Decision-\u2013-Brown-_-Brown.jpg) center center no-repeat; background-size: cover;\"><\/div>\n\t\t\t\t\t<\/div>\n\n\t\t<div class=\"hero--container\">\n\t\t\t<div class=\"container\">\n\t\t\t\t<div class=\"hero--inner width-100\">\n\n\t\t\t\t\t\n  <div class='content-heading  100%  '>\n    <p class='text-white subheading'>White Paper<\/p>\n    <h1 class='text-white    '>\n      Supreme Court of Delaware Decision\n    <\/h1>\n\t\n  <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;]\n  <div class='content-heading  100% content-heading--ruled '>\n    \n    <h1 class='text-brand-dark-blue    h2'>\n      Supreme Court of Delaware Decision\n    <\/h1>\n\t\n  <\/div>[vc_column_text]While the COVID-19 pandemic may still be front and center, state courts continued working and rendering crucial decisions. The Supreme Court of Delaware recently rendered a decision that could have a significant effect on both venue and the meaning of fraud coverage. With so many corporations being incorporated in Delaware, there could be a national impact.<\/p>\n<p>In March 2021, the Supreme Court of Delaware issued a ruling in RSUI Indemnity Company v. Murdock. This specific dispute arose from events that occurred in 2013. David Murdock, Dole&#8217;s Chief Executive Officer, took the company private via a merger that allowed Murdock to acquire all of Dole&#8217;s stock. Following this privatization, stockholders filed multiple lawsuits alleging a breach of fiduciary duty against Murdock and Dole&#8217;s Chief Operating Officer and General Counsel, Michael Carter.<\/p>\n<p>Stockholders alleged that Murdock and Carter drove down the stock price through multiple fraudulent acts. The Delaware Court of Chancery found that Murdock and Carter breached their fiduciary duties and engaged in fraudulent acts. Prior to settlement in that case, a federal securities class action was filed based on the findings of the Court of Chancery-both cases were settled.[\/vc_column_text]\t<div class='wpb_content_element text-left btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-green  '\n\t\t\t\thref='https:\/\/www.bbrown.com\/wp-content\/uploads\/2021\/12\/White-Paper-%E2%80%93-New-Supreme-Court-of-Delaware-Decision-%E2%80%93-Brown-Brown.pdf' target='_blank' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Continue Reading<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_single_image image=&#8221;1359&#8243; alignment=&#8221;center&#8221; style=&#8221;vc_box_circle_2&#8243;][vc_separator border_width=&#8221;2&#8243; el_width=&#8221;60&#8243;][vc_column_text]<\/p>\n<h6 style=\"text-align: center;\">by Michael D&#8217;Ambrise<\/h6>\n<p style=\"text-align: center;\">Vice President<\/p>\n<p>[\/vc_column_text][vc_single_image image=&#8221;1362&#8243; alignment=&#8221;center&#8221; style=&#8221;vc_box_circle_2&#8243;][vc_separator border_width=&#8221;2&#8243; el_width=&#8221;60&#8243;][vc_column_text]<\/p>\n<h6 style=\"text-align: center;\">by John Kerns<\/h6>\n<p style=\"text-align: center;\">Executive Managing Director<\/p>\n<p>[\/vc_column_text]\t<div class='wpb_content_element text-center btn-container'>\n\t\t\t\t\t<a class='btn btn-brand-dark-blue  '\n\t\t\t\thref='\/us\/contact\/contact-general\/' target='' data-toggle=''>\n\t\t\t\t<span class=\"btn-text-color--default\">Connect Now<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]While the COVID-19 pandemic may still be front and center, state courts continued working and rendering crucial decisions. The Supreme Court of Delaware recently rendered a decision [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":1237,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[34],"class_list":["post-1235","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-property-casualty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Supreme Court of Delaware Decision - Brown &amp; Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/us\/insight\/supreme-court-of-delaware-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supreme Court of Delaware Decision\" \/>\n<meta property=\"og:description\" content=\"[vc_row row_style=&#8221;page-hero&#8221; full_width=&#8221;stretch_row_content&#8221;][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]While the COVID-19 pandemic may still be front and center, state courts continued working and rendering crucial decisions. 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