June 14, 2023 | Delaware Business Court Insider
Guidance on Drafting Proxies Under Delaware LawA recent opinion from the U.S. Bankruptcy Court for the District of Delaware, In re CII Parent, provides helpful guidance on drafting proxies and highlights potential pitfalls for the unwary, including in relation to the proxyholder's power to execute and deliver stockholder consents.
By Robert B. Greco
7 minute read
August 17, 2022 | Delaware Business Court Insider
The Relevance of Commercial Reality in Interpreting Charters and BylawsWhere a literal reading yields a result at odds with what the drafters would have reasonably intended (which itself derives from the commercial context evidenced in plain terms throughout the instrument), literal meaning gives way to a more nuanced "objective" meaning. This article explores the application of this key precept in the interpretation of charters and bylaws.
By Robert B. Greco and Brian T.M. Mammarella
7 minute read
June 12, 2019 | Delaware Business Court Insider
Chancery Addresses Director Compensation Under 'Investors Bancorp' in 'Stein'In Stein v. Blankfein, the Delaware Court of Chancery issued one of its first opinions addressing director compensation following the Delaware Supreme Court's ruling in In re Investors Bancorp Stockholder Litigation.
By Robert B. Greco
6 minute read
August 23, 2017 | Delaware Business Court Insider
Questions Raised on Required Clarity of Disclosures in SEC FilingsTwo recent decisions of the Delaware Court of Chancery separated by only two weeks took seemingly contradictory positions regarding the extent to which corporate disclosures must be made clear in proxy statements and other SEC filings.
By Robert B. Greco
17 minute read
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