Eastman Chemical Company defends shareholder suits alleging breach of fiduciary duty

Client(s) Eastman Chemical Company

Jones Day represented Eastman Chemical Company ("Eastman") and certain officers and directors in actions filed in Delaware Chancery Court and California state courts, alleging, among other things, claims of breach of fiduciary duty arising out of Eastman's sale of all of its Common and Preferred Stock of Genencor International, Inc. to Denmark's Danisco A/S for $487 million.