Orman v. Cullman
Delaware Court of Chancery
794 A.2d 5 (Del. Ch. 2002)
Relevant factsFree
[The underlying factual background is not provided in the casebook excerpt; the excerpt addresses only the court's articulation of the interest/independence framework through illustrative hypotheticals involving directors serving as officers in merger transactions.]
IssueFree
Whether a disinterested director is necessarily independent.