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5 May 2024, 7:31 pm by Francis Pileggi
The titular topic is addressed in the recent Chancery decision of McRitchie v. [read post]
4 Nov 2022, 6:32 am
Among other matters, the McRitchie v Zuckerberg complaint challenges (1) the conduct revealed by Frances Haugen, the “Facebook Whistleblower,” (2) the large distributions of cash made to shareholders through stock repurchases, and (3) the board’s rejection of shareholder proposals that would have helped discern the broader impact of the company’s business model. [read post]