Court: It is basic to our law that the board of directors has the ultimate responsibility
Excerpts: Mills Acquisition Co. v. Macmillan, Del.Supr., 559 A.2d 1261 (1989). In this interlocutory appeal from the Court of Chancery, we review the denial of injunctive relief to Mills Acquisition Co., a Delaware corporation, and its affiliates Tendclass Limited and Maxwell Communications Corp., PLC, both United Kingdom corporations substantially controlled by Robert Maxwell. Plaintiffs sought […]