In a landmark decision, the Delaware Court of Chancery addressed, for the first time, the precise duties that a controlling stockholder owes, and the standard of review that will apply,.
In 2023, the Delaware courts continued to be called upon to elaborate important rules of corporate law. The year’s docket brought further development in a number of areas, including.
Segway Inc. is suing the executive who was leading the company at the time it stopped production of its original two-wheeled, self-balancing personal transportation device. This week in the Delaware Court of Chancery kicks off with former Segway President Judy Cai’s attempt to have that lawsuit dismissed.
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The Delaware Supreme Court set a Friday deadline for responses to a request to halt a stock conversion pending the appeal of a settlement allowing AMC Entertainment Holdings Inc. to move forward with a plan opposed by many of its retail investors.