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Advancing Forward — Delaware Courts Provide Further Guidance on Incumbent Board Enforcement of Advance Notice Bylaws | Skadden, Arps, Slate, Meagher & Flom LLP

In late 2021 and early 2022, two decisions from the Court of Chancery addressing advance notice bylaws reiterated, consistent with long-standing Delaware law, that clear and unambiguous. ....

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Delaware Court Of Chancery Invalidates Board's Application Of A Voting Limitation Pursuant To Company Charter - Shareholders

In the decision of Deann M. Totta, et al. v. CCSB Financial Corp., C.A. No. 2021-0173-KSJM (Del. Ch. May 31, 2022), the Court of Chancery held that the board of directors of Defendant, CCSB Financial Corp. ("CCSB"). ....

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Application of a Voting Limitation in the Company's Charter to Invalidate Stockholder Votes in a Proxy Contest Was Improper | Morris James LLP

Application of a Voting Limitation in the Company's Charter to Invalidate Stockholder Votes in a Proxy Contest Was Improper | Morris James LLP
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Delaware Chancery Approves Deadlocked Board's Stock Issuance Designed To Dilute Shareholder Equity And Block Custodianship Suit - Shareholders

Can a board of directors intentionally disenfranchise a 50% shareholder to break a deadlock while also acting with sufficient good faith to avoid liability? ....

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In Rosenbaum v. CytoDyn Inc., C.A. No. 2021-0728-JRS (Del. Ch. Oct. 13, 2021), the Delaware Court of Chancery declined to apply the Blasius enhanced scrutiny standard to an incumbent. ....

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