William Savitt

October 25, 2010 | National Law Journal

In three opinions this year, Delaware Chancery has reaffirmed that pills serve an important purpose.

By William Savitt

8 minute read

January 23, 2012 | National Law Journal

Delaware courts will largely defer to board decisions but will scrutinize those involved in conflict transactions.

By William Savitt

7 minute read

June 20, 2012 | Delaware Business Court Insider

Section 220 of the Delaware General Corporation Law gives stockholders the right to inspect corporate "books and records" for "any proper purpose." Nearly every state's corporation code contains a similar provision allowing inspection rights. But in recent years, §220 has become an unlikely flashpoint in stockholder litigation, largely because of the increasing utility of inspecting books and records to gather evidence for derivative litigation.

By William Savitt The National Law Journal

8 minute read

June 18, 2012 | National Law Journal

Delaware's high court seems reluctant to limit actions to inspect filed in support of already dismissed derivative cases.

By William Savitt

8 minute read

June 01, 2009 | National Law Journal

In 'Lyondell,' high court defers to business judgment of disinterested board in managing sale of company.

By William Savitt

7 minute read

December 07, 2009 | National Law Journal

A pair of recent Delaware Chancery decisions provides practical guidance for directors with duties to multiple classes of stockholders and the lawyers who advise them. The upshot of both reaffirms a core tenet of mergers and acquisitions practice: Process matters a lot.

By William Savitt

8 minute read

June 08, 2010 | The Legal Intelligencer

The explosion in stockholder litigation challenging merger transactions in recent years has given rise to a knotty problem for transaction planners: stockholder actions seeking to enjoin signed deals under the law of the target company's state of incorporation (often Delaware) that are brought in the courts of another state (typically that of the target's headquarters) or, even more often, in both states simultaneously.

By William Savitt

7 minute read

June 07, 2010 | National Law Journal

Companies might benefit from requiring that certain suits be heard exclusively in state of incorporation.

By William Savitt

7 minute read

June 02, 2009 | Corporate Counsel

Despite a political climate tilting in favor of stricter scrutiny of corporate conduct, appellate courts have reaffirmed the principle of judicial deference to the business judgment of disinterested boards of directors and resisted lower court attempts to ratchet up the standard of review. Attorney William Savitt analyzes a significant decision by the Delaware Supreme Court that offers its broadest statement yet affirming the discretion of directors to manage the sale of a company as they see fit.

By William Savitt

7 minute read

March 28, 2011 | National Law Journal

Chancery will not second-guess the business judgment of corporate boards unless there is a conflict of interest.

By William Savitt

8 minute read