Litigators of the Week: The Delaware Supreme Court Turns Its Spotlight on Advance Notice Bylaws
In the latest tug of war in Delaware law between activist investors and corporate boards, Teresa Goody Guillén and Richard Raile of Baker & Hostetler and John Seaman of Abrams & Bayliss represent Ted Kellner, an AIM ImmunoTech Inc. stockholder seeking board seats.
July 19, 2024 at 07:30 AM
7 minute read
Last week the Delaware Supreme Court weighed in with what Bloomberg Law dubbed a "first-of-it-kind" ruling dealing with advance notice bylaws, a subject that has emerged as the latest legal tug-of-war between activist investors and corporate board.
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David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
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