Valeant Pharmaceuticals International v. Jerney

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that availability of Section 141(e) defense to liability is not outcome-determinative on question of breach of duty under entire fairness test
• holding that Section 141(e) defense is not determinative of entire fairness
• noting that fair price might render transaction entirely fair notwithstanding unfair process, but observing that proving as much would be “exceptionally difficult”
• noting that fair price might render transaction entirely fair notwithstanding unfair process, but observing that proving as much would be “exceptionally difficult”
• awarding prejudgment interest from the date that a bonus was wrongfully paid to the defendant executive
• observing that the price terms could not be “justified by reference to any reliable market[]” and that there was no “proof in the record of substantial comparable transactions to which the court might look to find support for the payment of bonuses”

Source: CourtListener parenthetical corpus (CC0).