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The Still-Dwindled Revlon
Washington and Lee Law Review Online
  • Lyman P.Q. Johnson, Washington and Lee University School of Law
  • Robert Ricca
Publication Date

This is a brief Response to Professor Mohsen Manesh’s extensive response to our original article, The Dwindling of Revlon. Our thesis is that today the iconic Revlon doctrine is, remedially, quite substantially diminished. Although Professor Manesh sets out to establish what he calls “the limits of Johnson’s and Ricca’s thesis,” we here maintain, as before, that there is little remedial clout to Revlon unless directors or others very significantly misbehave. We also criticize Delaware’s continuing use of the standard-of-conduct/standard-of-review construct in the fiduciary duty area. This rubric is unhelpful generally and strikingly so in the Revlon setting, as we note.

Citation Information
Lyman P.Q. Johnson and Robert Ricca. "The Still-Dwindled Revlon" (2014) p. 150
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