Delaware Chancery Court Cites Our Book as Support

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In Freedman v. Adams, the Delaware Chancery Court cited my book “Executive Compensation for Emerging Growth Companies” in support of their decision to throw out a shareholder lawsuit based upon a company’s alleged failure to maximize its IRC Section 162(m) deduction.  The Delaware Supreme Court has since affirmed that decision. Freedman v. Adams, C.A. No. 4199-VCN, FN 161 (Del. Ch. Mar. 30, 2012, aff’d Del S.Ct. 58 A.3d 414 (Del. January 14, 2013).  For a summary, and to review  copy of the case,  please see http://www.lexology.com/library/detail.aspx?g=d743eb83-6011-4011-ab59-674ea7a93a29.  Garth Gartrell

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