
Sharp & Ors v Blank & Ors: Directors’ duties owed to company not shareholders when seeking shareholder approval for transaction
In a recent decision in the Lloyds shareholder litigation, the High Court has struck out a number of aspects of the claims against the defendant directors based on alleged fiduciary duties to shareholders: Sharp & Others v Blank & Others [2015] EWHC 3220 (Ch). Herbert Smith Freehills is acting for Lloyds and the director defendants. The decision … Read more