In a recent Court of Chancery case, Miramar Police Officers’ Retirement Plan v. Murdoch, Chancellor Bouchard held that a spinoff corporation was not bound by the settlement agreement entered into by the parent corporation. In a blog essay written for the Delaware Journal of Corporate Law, DJCL Manuscript Editor Justin Forcier examines the opinion and concludes that the Chancellor’s well-reasoned holding reflects the most principled outcome for the case.

Read more at www.djcl.org/blog.