Michael Gonen

Michael Gonen

July 10, 2024 | Delaware Business Court Insider

Chancery Finds Governance Provisions of a Pre-IPO Stockholders' Agreement Invalid for Transgressing DGCL

While the Delaware General Corporate Law (DGCL) is a broadly enabling statute, a number of recent decisions have found limits to parties' ability to renegotiate internal corporate governance by "private ordering" outside of the corporate charter and bylaws.

By Michael Gonen

7 minute read