CORPORATIONS-INDEMNIFICATION OF MANAGEMENT FOR LITIGATION EXPENSES

Two recent decisions concerning the right of a successful director-defendant to seek corporate indemnification for litigation expenses are significant because they interpret not only the relevant statutes of New York and Delaware, but also language which exists in the statutes of several other states and which as yet has not been construed by the courts of those states. These cases indicate the desirability of a general survey of such indemnification practice at common law and under statutes.