Last Friday, this space addressed itself to Vice Chancellor J. Travis Laster's ruling in Stream TV Networks v. SeeCubic, C.A. No. 2020-0310-JTL (Dec. 8, 2020). He concluded that stockholder approval was not required when an insolvent corporation...
Is There No Protection For The Innocent When A Corporation Transfers All Its Assets To Secured Creditors?
Posted on December 21, 2020
Is Someone Else's Purpose An Improper Purpose?
Posted on December 01, 2017
This post on the Harvard Law School Forum on Corporate Governance and Financial Regulation discusses Vice Chancellor J. Travis Laster's recent decision in Wilkinson v. A. Schulman, Inc., 2017 Del. Ch. LEXIS 798. The case involved a stockholder's...
A Shareholder Consent In Its Dotage May Or May Not Be Valid
Posted on June 05, 2017
California Corporations Code Section 603(a) broadly authorizes shareholder action by written consent:
How The Proposed Fix To Delaware's Stockholder Consent Statute Can Be Fixed
Posted on March 17, 2017
Earlier this week, I wrote about a proposed amendment to Section 228 of the Delaware General Corporation Law. The amendment, which is proposed by The Corporate Council of the Corporation Law Section of the Delaware State Bar, would essentially...
