REVLON
Updated 32 days ago
To that end, directors may employ tactics such as a "poison pill", "white knight", or "golden parachute" to secure their interests. While these methods are not a breach of duty necessarily, Revlon makes it clear that use of such tactics to undermine an auction subjects the directors to "enhanced scrutiny" and the business judgment presumption will not apply.
Also known as: Revlon Duties, Revlon, Inc.