7,428 results found
Shearman & Sterling LLP | USA | 1 Jun 2023
Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction
On May 12, 2023, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery ruled in favor of defendant, the founder and largest shareholder…
Paul Hastings LLP | USA | 31 May 2023
Public Company Watch
In the May edition of our Public Company Watch, we cover key issues impacting public companies, including the SEC’s new disclosure requirements for…
Sidley Austin LLP | USA | 31 May 2023
No participation trophy: Court of Chancery shifts fees for failure to allow indemnifying seller to Participate in defense
Chancellor McCormick, of the Delaware Court of Chancery, recently was presented with the following question: If an indemnification provision in a…
McCarter & English LLP | USA | 30 May 2023
Delaware Court of Chancery Decides What May Constitute Active Manager Status for Individuals Without Formal Roles in an LLC
On October 26, 2022, the Delaware Court of Chancery issued an opinion in In re P3 Health Group Holdings, LLC concluding that the actions of a private…
McCarter & English LLP | USA | 30 May 2023
Court of Chancery Holds Canceled Entities Cannot Be Represented by Counsel Without a Receiver
In In re Reinz Wisconsin Gasket, LLC, C.A. No. 2022-0859-MTZ (Del. Ch. May 8, 2023) (Reinz), the Delaware Court of Chancery held in a post-trial…
Reed Smith LLP | USA | 26 May 2023
Court of Chancery holds Ex-CEO waived indemnification and advancement rights in stock repurchase agreement
The Delaware Court of Chancery recently held that Mikhail Kokorich (Kokorich), the co-founder and former CEO of space infrastructure company Momentus…
McCarter & English LLP | USA | 25 May 2023
Delaware Court of Chancery Addresses Issue of First Impression Regarding Timeliness of “Red Flag” Claims
In this opinion (Lebanon County Employees Retirement Fund v. Collis, 287 A.3d 1160 (Del. Ch. 2022), the Delaware Court of Chancery addressed a matter…
Skadden Arps Slate Meagher & Flom LLP | USA | 25 May 2023
Proposed Changes to Delaware Law Would Facilitate Ratification of Defective Corporate Acts, Disposition of Pledged Assets, Stock Splits and Changes to the Number of Authorized Shares
The proposed 2023 amendments to the Delaware General Corporation Law (DGCL) approved by the Delaware State Bar Association are intended to address a…
Fried Frank Harris Shriver & Jacobson LLP | USA | 25 May 2023
Chancery Reaffirms Very High Bar for Successful Challenge of Even “Terrible” Business Decisions by an Independent Board—Coral Springs v. Dorsey
In City of Coral Springs Police Officers’ Pension Plan v. Jack Dorsey, Block, Inc., et al (May 9, 2023), the Delaware Court of Chancery dismissed a…
Morrison & Foerster LLP | USA | 25 May 2023
Minnesota Passes Near Total Ban of Non-Compete Agreements
On May 16, 2023, the Minnesota Legislature passed SF 3035 (the “Bill”), banning nearly all post-termination non-compete agreements with employees and…
