By Chris O'Malley | June 6, 2024
"Defendants wanted to devalue ACT to the point they could obtain control of all or substantially all of ACT's shares at a fraction of their true value," Advanced Combustion Technologies' complaint alleges.
The American Lawyer | Analysis|News
By Amanda O'Brien | June 4, 2024
"I'm not reliant on any one specific attorney in any area I need assistance," said Utz general counsel Theresa Shea. "If someone were to retire, my primary billing contact might change, but my overall relationship with the firm would not."
Delaware Business Court Insider | News
By Ellen Bardash | May 29, 2024
Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
Delaware Business Court Insider | Commentary
By Barnaby Grzaslewicz | May 22, 2024
Parties to transaction agreements often choose Delaware as the exclusive forum for disputes arising out of their transactions. This is common, where the parties are from diffuse geographic locations, but desire a single forum well-versed in corporate and commercial law—like Delaware—to resolve their disputes.
The Legal Intelligencer | News
By Amanda O'Brien | May 16, 2024
Dan Fayock most recently was executive vice president, chief legal officer, and corporate secretary at aluminum producer Arconic.
Delaware Business Court Insider | Commentary
By Albert J. Carroll | May 15, 2024
In re Carvana Stockholders Litigation is another example of a board successfully employing this process to discontinue a derivative suit after directors weighed the pros and cons and made a good faith business judgment to dismiss.
Delaware Business Court Insider | Commentary
By Kaan Ekiner and Mark E. Felger | May 1, 2024
In Pilot v. Greg Abel, Vice Chancellor Morgan T. Zurn granted a motion to strike the defenses of unclean hands and in pari delicto because the defenses lacked a sufficient nexus to the contractual claims asserted by the plaintiff.
Delaware Business Court Insider | News
By Ellen Bardash | April 24, 2024
Tesla has filed a proxy indicating it would be seeking shareholder votes on a relocation to Texas and whether Musk should receive the 2018 compensation plan that had been struck down by the Court of Chancery.
Delaware Business Court Insider | Commentary
By Chandra K. Shih, Alyssa Frederick and Sara Uz | April 24, 2024
In this article, we have focused on entities available under Delaware law. Delaware public benefit corporations (PBCs) emerged in 2013 and have become especially popular as a result of the increased demand for socially conscious business practices, combined with the familiar reliability of Delaware corporate law.
The Legal Intelligencer | Commentary
By Ashleigh Taylor | April 10, 2024
By thoughtfully amending operating and shareholder agreements to include both incentives and penalties for compliance, businesses can not only adhere to the letter of the law but also foster a culture of transparency and accountability.
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