NACD - National Association of Corporate Directors
LEGAL

Beware of Zombies! Trados Decision Urges Caution in Sale of VC-Backed Companies

by Lisa Bebchick and John E. Sorkin |

While the court held that the Trados directors  had not breached their fiduciary duties in selling the company, J. Travis Laster did find that a majority of the seven-member board were conflicted.

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