Chancery Court Decision Illuminates Contours of Director Oversight Liability

The Delaware Chancery Court’s recent opinion in Construction Industry Laborers Pension Fund et al. v. Bingle et al., C.A. No. 2021-0494-SG (Del. Ch.) dismissing claims asserted against members of SolarWinds Corporation’s (“SolarWinds” or the “Company”) board of directors supplies instructive guidance on the scope and limits of directorial liability for alleged failure to oversee corporate operations.

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