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USA - May 10 2012
There is a recent, yet rapidly evolving, debate in Delaware surrounding exclusive forum provisions — charter or bylaw provisions mandating that intra-corporate disputes (such as stockholder derivative actions) be brought exclusively in a particular forum, typically in the corporation’s jurisdiction of incorporation.
USA - March 7 2012
In a case that adds more ammunition to those who question the motives of Wall Street investment bankers, last week the Delaware Chancery Court issued yet another stinging opinion strongly chastising sell-side bankers who were allegedly conflicted in the M&A advice they provided to a board of directors that was considering a takeover bid.
