Document: Valeant Pharm. Int’l v. Jerney, C.A. No. 19947, Lamb, V.C. (Del. Ch. Mar. 1, 2007)
The Court held, in a post-trial opinion, that bonuses paid to directors and executives relating to the IPO of a core business of a corporation were not entirely fair, and the director defendant had breached his fiduciary duty of loyalty by approving such bonuses.