The California General Corporation Law requires with certain exceptions, the articles of incorporation state the purpose of the corporation is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of California.
Key Takeaways - In a case of first impression, the Delaware Court of Chancery issued a decision that could give investors more time to sue corporate directors and.
/PRNewswire/ A.B. Data is proud to announce their recognition as the most appointed securities claims administrator in 2022. According to the ISS Securities.
On December 15, 2022, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery denied a motion to dismiss claims as untimely in a derivative action brought by stockholders.
In City of Detroit Police & Fire Ret. Sys. on Behalf of NiSource, Inc. v. Hamrock, No. CV 2021-0370-KSJM, the Delaware Court of Chancery granted a motion to dismiss duty of oversight.