In this edition of Dechert’s Securities & Derivative Litigation Quarterly Update, we examine: (1) the Delaware Court of Chancery’s latest post-trial decision showing how the special committee process is critical in the successful defense of claims for breaches of fiduciary duties; (2) the Delaware Court of Chancery’s signaling of a possible evolution in Delaware’s oversight caselaw based on a failure to oversee business risk; (3) an update in the Ninth Circuit on its decision to rehear en banc a...By: Dechert LLP.