Del. Justices Ponder Bank Biz Judgment In $51M Pay Row

Published: 4/10/2017
Del. Justices Ponder Bank Biz Judgment In $51M Pay Row
Source: WWW.LAW360.COM

Delaware’s Supreme Court on Wednesday pressed Investors Bancorp Inc.'s attorney on the limits of stockholder-ratification and business-judgment protections, as counsel for shareholders argued for the revival of claims that a $51.5 million equity award to directors went too far.

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