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4 Mar 2019, 3:35 am by Matthew D. Donovan
A recent post-trial decision out of Delaware’s Court of Chancery, Personal Touch Holding Corp. v Glaubach, brings home this lesson with similar colloquial color. [read post]
21 Jul 2008, 7:52 pm
The decision confirms that shareholder bylaws may not prevent the directors from fulfilling their fiduciary duties. [read post]
17 Jul 2007, 10:00 am
By way of example, in Rosenthal v. [read post]
This recent decision provides additional guidance by (i) rejecting a “purpose-plus-an-end” test as inconsistent with the text of Section 220 and Delaware Supreme Court precedent; and (ii) explaining that a stockholder may have a proper purpose to investigate wrongdoing regardless of whether she can show potentially viable claims against a board of directors. [read post]
6 Oct 2023, 2:55 pm by Zachary Alper
§ 135, and specifically whether the Patent Trial and Appeal Board (Board) has the authority to cancel SNIPR’s pure AIA claims through an interference for lack of invention priority under pre-AIA § 102(g). [read post]
6 Sep 2007, 10:14 am
Instead, I find that where I may reasonably infer that a board of directors later concealed the true nature of a grant of stock options, I may further conclude that those options were not granted consistent with a fiduciary’s duty of utmost loyalty. [read post]
16 Feb 2011, 6:00 am by J Robert Brown Jr.
Only a board of directors found to be acting in good faith, after reasonable investigation and reliance on the advice of outside advisors, which articulates and convinces the Court that a hostile tender offer poses a legitimate threat to the corporate enterprise, may address that perceived threat by blocking the tender offer and forcing the bidder to elect a board majority that supports its bid. [read post]