NEW: Don’t Go Chasing Waterfalls: Fiduciary Obligations in the Shadow of Trados discusses In re Trados, Inc. Shareholder Litigation, C.A. No. 1512-VCL (consol.), opinion (Del. Ch. Aug. 16, 2013), and its implications for directors’ discharge of fiduciary duty in venture capital backed companies that have preferred and common classes of stock.
Skadden provides an overview of fiduciary duties applicable to corporate directors under Delaware law in Directors’ Fiduciary Duties: Back to Delaware Law Basics.
The Three Fiduciaries of Delaware Corporate Law — and Eisenberg’s Error discusses variations of the duties of care and loyalty and beneficiaries of the duties owed by officers, directors, and controlling shareholders.