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13 Jul 2023, 3:30 am
– If permitted under applicable law (as in Delaware since 2022), consider amending the corporate charter to provide for officer exculpation. [read post]
13 Jul 2023, 12:15 am
" As a result, a fiduciary of a Delaware corporation cannot be loyal to a Delaware corporation by knowingly causing it to seek profit by violating the law. [read post]
12 Jul 2023, 2:23 pm
State legislatures have passed a number of comprehensive privacy frameworks this quarter, including in Oregon, Texas, Indiana, and Delaware. [read post]
12 Jul 2023, 12:47 pm
If you have a Delaware LLC or Delaware corporation, there are some annual requirements that you need to know about. [read post]
11 Jul 2023, 9:01 pm
They dare shareholders to challenge those exclusions, which they can do only by litigating the matter, usually in Delaware Chancery Court. [read post]
11 Jul 2023, 6:45 pm
In Delaware (the home of most corporations that matter), you'd need to do a Section 220 books and records inspection. [read post]
11 Jul 2023, 3:05 pm
For example, earlier this week I discussed the recent Delaware case in which activist investors sought to hold the Disney board liable for the company’s actions regarding Florida’s “Don’t Say Gay” legislation. [read post]
11 Jul 2023, 1:20 pm
The state of Delaware will cancel a Delaware LLC if the company does not have a Delaware registered agent listed for more than 30 days. [read post]
11 Jul 2023, 4:00 am
Members of the Mvskoke, Seminole, Delaware, Kickapoo, Quapaw, Seneca, Shawnee, Osage, and Cherokee tribes made up the three regiments. [read post]
11 Jul 2023, 12:51 am
These trusts are often called WINGs, DINGs, and NINGS, a reference to the three states that first marketed them: Wyoming, Delaware, and Nevada. [read post]
10 Jul 2023, 12:32 pm
On June 30, 2023, the Delaware general assembly passed the Delaware Personal Data Privacy Act (“DPDPA”), H.B. 154. [read post]
10 Jul 2023, 6:31 am
In addition, decisions of the Delaware Court of Chancery over the last several months provide guidance with respect to the validity of enhanced advance notice bylaws requiring greater disclosure by shareholders nominating directors for election and about the nominees themselves. [read post]
10 Jul 2023, 6:31 am
In addition, decisions of the Delaware Court of Chancery over the last several months provide guidance with respect to the validity of enhanced advance notice bylaws requiring greater disclosure by shareholders nominating directors for election and about the nominees themselves. [read post]
10 Jul 2023, 6:30 am
” we offer justification for one of the most renowned and highly controversial decisions in Delaware in the last 20 years, Omnicare, Inc. v. [read post]
10 Jul 2023, 6:30 am
” we offer justification for one of the most renowned and highly controversial decisions in Delaware in the last 20 years, Omnicare, Inc. v. [read post]
10 Jul 2023, 5:58 am
Delaware If you’re a Veteran from Delaware and have a Purple Heart, you are eligible for a free Purple Heart license plate for your state-registered vehicle. [read post]
9 Jul 2023, 9:01 pm
The Recovering Executive Compensation Obtained from Unaccountable Practices (RECOUP) Act, designed to hold senior executives at banking organizations accountable, has broad and unusual bipartisan support, passing out of the Senate Banking Committee by a 21-2 bipartisan vote. [read post]
9 Jul 2023, 2:33 pm
Key Aspects of Ruling This decision was provided as a public service to non-Delaware courts applying Delaware law who may not have “access to the this court’s bench rulings” that reflect a doctrinal shift that resulted in an “overall decline in settlements and fee awards” for strike suits challenging M&A transactions in Delaware. [read post]
9 Jul 2023, 7:40 am
In a very interesting June 27, 2023, opinion in which she denied the shareholder’s books and records request, Delaware Vice Chancellor Lori W. [read post]
8 Jul 2023, 2:37 pm
There are three key elements to the recent disclosures by IRS Criminal Investigation Division whistleblowers concerning the DOJ’s criminal investigation of Hunter Biden: 1) the false and/or conflicting statements by Delaware U.S. [read post]
