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4 Apr 2024, 8:25 am
A Delaware Certificate of Good Standing includes a short message from the Delaware Secretary of State. [read post]
4 Apr 2024, 6:31 am
Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Chancellor, the State of Delaware. [read post]
4 Apr 2024, 6:31 am
Wachter Distinguished Fellow at the University of Pennsylvania Carey Law School; Senior Fellow, Harvard Program on Corporate Governance; Of Counsel, Wachtell, Lipton, Rosen & Katz; and former Chief Justice and Chancellor, the State of Delaware. [read post]
4 Apr 2024, 6:30 am
The Council of the Corporation Law Section of the Delaware State Bar Association today released proposed Amendments (“Amendments”) to the Delaware General Corporation Law (“DGCL”) that, if adopted into law, would address recent caselaw regarding the facial validity of certain stockholder agreements, the ability of parties to a merger agreement to contract for certain pre-closing remedies and for the appointment of a stockholder… [read post]
4 Apr 2024, 6:30 am
The Council of the Corporation Law Section of the Delaware State Bar Association today released proposed Amendments (“Amendments”) to the Delaware General Corporation Law (“DGCL”) that, if adopted into law, would address recent caselaw regarding the facial validity of certain stockholder agreements, the ability of parties to a merger agreement to contract for certain pre-closing remedies and for the appointment of a stockholder… [read post]
4 Apr 2024, 12:15 am
A great deal of attention, including in this blog, has been focused Delaware reincorporating in Nevada and other states. [read post]
3 Apr 2024, 7:35 pm
Florida, Texas and Delaware are the only states with a net loss in million-dollar cities over the past year. [read post]
3 Apr 2024, 12:48 pm
Earlier this month, the Kentucky legislature passed comprehensive privacy legislation, H.B. 15 (the “Act”), joining California, Virginia, Colorado, Connecticut, Utah, Iowa, Indiana, Tennessee, Montana, Oregon, Texas, Florida, Delaware, New Jersey, and New Hampshire. [read post]
3 Apr 2024, 10:01 am
Delaware state laws also require every company registered in the state to have a Delaware Registered Agent appointed at all times. [read post]
2 Apr 2024, 9:05 pm
Feb. 16, 2024) (Alito, J., in chambers) (“Upon consideration of the application of counsel for the applicants, and the responses filed thereto, it is ordered that the March 28, 2023 order of the United States District Court for the District of Delaware, case No. 1:22-cv-1237, and the consolidated cases, is hereby administratively stayed pending further order of Justice Alito or of the Court.), https://www.supremecourt.gov/search.aspx? [read post]
2 Apr 2024, 9:01 pm
Legislation proposing to amend the General Corporation Law of the State of Delaware (the “DGCL”) has been approved by the Council of the Corporation Law Section of the Delaware State Bar Association and is expected to be introduced to the Delaware General Assembly for consideration during its 2024 regular session. [read post]
2 Apr 2024, 5:55 am
The strategic tax equity investment will drive the construction, operation and maintenance of a diverse solar project portfolio across Maryland, Illinois, Colorado, Delaware and California. [read post]
1 Apr 2024, 10:00 pm
Regulatory Landscape for Contests for Control Prepare for a control contest with a review of the most frequently implicated regulatory provisions in a contest for control under federal and Delaware state law. [read post]
1 Apr 2024, 10:00 pm
Regulatory Landscape for Contests for Control Prepare for a control contest with a review of the most frequently implicated regulatory provisions in a contest for control under federal and Delaware state law. [read post]
1 Apr 2024, 9:01 pm
[…] Under Nasdaq rules, a company whose shares fall below $1 for 30 days gets a warning stating that it is noncompliant and has 180 days to get its share price back above the threshold. [read post]
1 Apr 2024, 12:49 pm
Moreover, neighboring states, such as Virginia and Delaware, do not have any laws mandating that drivers carry liability insurance, so victims of collisions caused by those drivers who enter Maryland may be left without recourse or a means to obtain compensation. [read post]
1 Apr 2024, 12:14 pm
At that time, the primary insurer did not consider the company’s communication to be a claim and stated it needed additional information. [read post]
1 Apr 2024, 3:00 am
The new section will also provide that, where the board has previously taken action to approve an agreement, document or other instrument that is required to be filed with the Delaware Secretary of State (or required to be referenced in a certificate so filed (e.g., a certificate of merger or certificate of amendment)), the board may ratify the agreement, document or other instrument before the instrument effecting the act becomes effective. [read post]
29 Mar 2024, 11:31 am
This is a legal requirement in most states, including Delaware, for the registration of a company within the state. [read post]
29 Mar 2024, 9:53 am
The court’s unique docket stems from Delaware’s role as the legal home to . . . approximately two-thirds of all Fortune 500 companies and one-half of all public corporations in the United States. [read post]
