New York, NY (November 11, 2009)—New York Law School’s Center on Business Law & Policy will hold an all-day symposium to analyze the nature and importance of the evolving fiduciary duty of good faith. “The Delaware Fiduciary Duty of Good Faith after Disney: Meaningful or Mickey Mouse?” will be held on Friday, November 13 from 9 a.m. to 5:30 p.m., at the Law School’s new building, located at 185 West Broadway.
The symposium will feature leading corporate scholars from the United States and the United Kingdom speaking on four panels. The topics will include: the meaning of good faith within fiduciary theory; the practical importance of the duty; how state/federal regulatory tensions affect the evolution of the duty; the role of the duty in corporate and legal compliance and transactional practice; and the impact of the recent Lyondell Chemical Co. v. Ryan (2009) case. Delaware Associate Supreme Court Justice Carolyn Berger, the author of Lyondell, will be available to comment on presentations. The event is co-sponsored by the New York Law School Law Review.
“We will try to address the future of the meaning and impact of good faith, in light of the Delaware Supreme Court redefining the contours of the duty of good faith, expressly placing the duty within the duty of loyalty in Stone v. Ritter (2006), and perhaps narrowing the duty in Lyondell v. Ryan (2009), by stressing that ‘an arguably imperfect attempt’ to carry out fiduciary duties should not be equated with a violation of good faith,” Visiting Professor of Law Peter C. Kostant said. Professor Kostant, an expert in corporate and securities law, and in the professional regulation of lawyers, is the organizer of this event.
This event is free and open to the public; no RSVP necessary. Press should contact LaToya Jordan in the New York Law School Marketing and Communications Office at 212.431.2872 or email@example.com to RSVP.
About New York Law School
Founded in 1891, New York Law School is an independent law school located in lower Manhattan near the city’s centers of law, government, and finance. New York Law School’s renowned faculty of prolific scholars has built the School’s strength in such areas as constitutional law, civil and human rights, labor and employment law, media and information law, urban legal studies, international and comparative law, and a number of interdisciplinary fields. The School is noted for its eight academic centers: Center on Business Law & Policy, Center on Financial Services Law, Center for International Law, Center for New York City Law, Center for Professional Values and Practice, Center for Real Estate Studies, Institute for Information Law & Policy, and Justice Action Center. New York Law School has more than 13,000 graduates and enrolls some 1,500 students in its full- and part-time J.D. program and its four advanced degree programs in financial services law, real estate, tax, and mental disability law studies. www.nyls.edu
# # #