The Delaware Court of Chancery has addressed numerous important issues including officer oversight obligations, enforceability of restrictive covenants, intent for voting proxies to bind subsequent holder, potential conflicts in SPAC, reporting under the Corporate Transparency Act.
Shareholders who sought a Delaware Chancery Court preliminary injunction to block a looming vote on a merger of Fiduciary/Claymore Energy Infrastructure Fund with a similar business have pulled the request after new disclosures, while saying action to recover "staggering" fund losses tied to alleged mismanagement will move forward.