Joseph Melchione and Timothy Oppelt of Styskal, Wiese & Melchione, LLP have authored an article slated to be published in early 2009 in Volume 7, Issue2 of the DePaul Business and Commercial Law Journal. The article, Fiduciary Duties of Credit Union Directors in the Merger Context, reviews general corporate legal principles as they relate to the duties of credit union directors in change in control transactions, particularly mergers and hostile merger bids. The authors have shed light on this previously unexplored area by analogizing to corporate law standards appliciable to for-profit corporations. The article explores this area with an eye toward clarifying how these standards apply in the context of cooperative institutions, specifically credit unions.
The DePaul Business and Commercial Law Journal was created in 2002 through the merger of the DePaul Business Law Journal, published by the DePaul University College of Law, and the Commercial Law Journal, published by the Commercial Law League of America ("CLLA"). Mr. Melchione and Mr. Oppelt are honored to have their work accepted for publication by these venerable institutions.