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Delaware Supreme Court Clears Path For Officer Exculpation In Multi-Class Corporations - Directors and Officers

On January 17, 2024, the Delaware Supreme Court issued a significant ruling in In re Fox Corp./SNAP Inc. Section 242 Litigation. ....

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Year-End 2023 Delaware Corporate And M&A Law Update - Contracts and Commercial Law

The Delaware courts have closed out a hectic year during which a wide range of important corporate and M&A issues were addressed. These reflect practice-changing updates and refinements to the law, and the developments arising in the final portion of 2023. ....

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Delaware 2023 Corporate, Mergers and Acquisitions Law

Delaware 2023 Corporate, Mergers and Acquisitions Law
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No express right, no class vote: The current state of Section 242(b)(2) | Reed Smith

As summarized in an earlier post, a recent bench ruling from Vice Chancellor Laster (in the coordinated Fox & Snap actions) contained a careful exposition of how Delaware courts have. ....

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April 2023 Delaware Mergers and Acquisitions and Corporate News

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. ....

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