Timothy E. Hoeffner

Timothy E. Hoeffner, Cathleen M. Devlin | Saul Ewing LLP

Corporate fraud scandals like Enron, Tyco and WorldCom were the catalysts for the implementation of the sweeping corporate governance reforms embodied in the Sarbanes-Oxley Act of 2002. In reaction to such scandals, the SEC and DOJ embarked upon a zealous campaign of enhanced scrutiny and...

Timothy E. Hoeffner, Jonathan I. Shapiro | Saul Ewing LLP

In the current environment in which every decision made by a board of directors may be subjected to scrutiny, it is critical to insulate the directors making those decisions from a challenge to their independence. Two recent Delaware state court decisions involving Martha Stewart Living Omnimedia...