Delaware Court of Chancery, left, on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Shareholder Says Moelis Board's Hands Tied by Chairman-Run Holding Company
Saxena White lawyers are saying an investment bank is undermining the core Delaware legal concept that a corporation is meant to be controlled by its board of directors.
March 14, 2023 at 04:08 PM
2 minute read
Corporate Governance
A shareholder claims in a new Court of Chancery complaint that Moelis & Co.'s board is contractually unable to make decisions without the go-ahead from a holding company run by its CEO, violating Delaware law.
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