United States: Corporate Officers Are Subject To Caremark Claims For Breach Of Duty Of Oversight - Taft Stettinius & Hollister

In a major decision released on Jan. 25, 2023, the Delaware Court of Chancery held that corporate officers have obligations comparable to the duty of oversight articulated in In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996) – so-called Caremark claims.