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9 Dec 2022, 6:34 am
There exists a longstanding notion, often cited by corporate executives and directors, that a corporation’s primary purpose is to maximize stockholder value.[1] In 2013, Delaware adopted a new subchapter of the Delaware General Corporation Law (“DGCL”) that allowed corporations to form as, or convert into, a public benefit corporation (“PBC”), a corporation that is expressly mandated to act not only in the best interests of its stockholders, but also… [read post]
9 Dec 2022, 6:34 am
There exists a longstanding notion, often cited by corporate executives and directors, that a corporation’s primary purpose is to maximize stockholder value.[1] In 2013, Delaware adopted a new subchapter of the Delaware General Corporation Law (“DGCL”) that allowed corporations to form as, or convert into, a public benefit corporation (“PBC”), a corporation that is expressly mandated to act not only in the best interests of its stockholders, but also… [read post]
8 Dec 2022, 3:55 pm
In recent months, Delaware-based U.S. [read post]
8 Dec 2022, 6:00 am
She is a graduate of the School of Information at Florida State University. [read post]
7 Dec 2022, 6:06 am
Even before the 118th Congress begins, the lame duck 117th Congress could shore up key pieces of legislation, including a patch to narrow the scope of the IRS crypto transaction reporting provision that was part of the infrastructure legislation enacted a year ago.On the state front, Delaware’s officer exculpation law has some complicated moving parts that require attention to detail regarding compliance. [read post]
6 Dec 2022, 3:45 am
Both states saw major increases in cigarette smuggling. [read post]
5 Dec 2022, 6:49 pm
Eventually, through an interlibrary loan, Muffett managed to get a hold of one…” Minnesota, Delaware, Rhode Island, Baltimore, and Honolulu are among about two dozen U.S. states and localities suing the industry. [read post]
5 Dec 2022, 11:27 am
The $1 million penalty will be distributed among the states that are party to the settlement. [read post]
5 Dec 2022, 10:40 am
The Court of Chancery recently stated the appropriate test for a permanent injunction. [read post]
5 Dec 2022, 6:31 am
.), and is part of the Delaware law series; links to other posts in the series are available here. [read post]
5 Dec 2022, 6:31 am
.), and is part of the Delaware law series; links to other posts in the series are available here. [read post]
5 Dec 2022, 4:30 am
In this way, for example, a “tri-state” co-op, offered by New York, Connecticut, and New Jersey, could compete with Delaware; and a “rust belt” coalition could retain industry charters within its multistate jurisdiction. [read post]
5 Dec 2022, 4:23 am
The Lower Court Grants Summary Judgment in Care One’s Favor The litigation took a circuitous route, starting in federal court before landing in state court, that delayed the proceedings several years. [read post]
5 Dec 2022, 2:26 am
The change in sentencing practices has the potential to reverberate in federal courts not only in the Third Circuit (which has responsibility for federal cases in Pennsylvania, Delaware, and New Jersey), but also elsewhere in the United States. [read post]
2 Dec 2022, 11:53 am
He contacted the State Bar of Texas Chief Disciplinary Counsel’s Office and has spoken to the State Bar Membership Dept., who made a note on his record in case something comes up in the future. [read post]
1 Dec 2022, 1:58 pm
” Once officially approved by the Vice Chancellor, this shareholder-related case will become: The 17th billion-dollar settlement and 17th largest U.S. class action of all-time (coincidentally, just behind and just ahead of two American International Group, Inc. settlements… $1,009,500,000 in 2013 and $970,500,000 in 2015) The largest settlement in a U.S. state court (the 16 larger settlements all took place in various U.S. federal courts) The largest… [read post]
29 Nov 2022, 6:18 pm
(FTX)—one of the world’s largest and most well-known cryptocurrency exchanges—announced that it had “commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code” in Delaware. [read post]
29 Nov 2022, 2:21 pm
States like Texas would have a big bill (about $6.4 million per year); states like Wyoming would be paying about $117,00 per year. [read post]
29 Nov 2022, 12:44 pm
Decouples Delaware 100% Conforms x Florida n.a. [read post]
29 Nov 2022, 10:22 am
Act 59 of 2022 was named Deanna’s law in honor of Deana DeRosa Eckman of Delaware County, who was killed by an intoxicated motorist with six prior DUI convictions. [read post]
