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Manufacturing Good Faith - Penn Law Review
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Manufacturing Good Faith - Penn Law Review
In 2022, the Delaware Supreme Court decided Boardwalk Pipeline Partners, LP v. Bandera Master Fund LP, 288 A.3d 1083 (Del. 2022), allowing a limited partnership entity to conclusively establish good faith by relying on a legal opinion that merely stated it would be reasonable to rely on another firm’s opinion—one that had been deemed an inadequate “sham Opinion” by the Court of Chancery. This Comment argues that the Boardwalk decision is a new h…
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