Both Delaware and Nevada require corporations to indemnify certain persons against expenses (including attorneys' fees) to the extent that they have been successful on the merits or otherwise in defense of any action, suit or proceeding. See DGCL §...
How The Mandatory Indemnification Statutes Of Nevada And Delaware Differ
Posted on May 09, 2024
Is This The Case That Ate Delaware Corporate Law?
Posted on February 10, 2023
In a recent feature published by the Washington Legal Foundation, UCLA Professor Stephen Bainbridge casts a jaundiced eye toward Vice Chancellor J. Travis Laster's recent ruling in In re McDonald's Corp. Stockholder Deriv. Litig., C.A. No....
Delaware Now Authorizes Exculpation Of Officers, But On What Basis?
Posted on October 21, 2022
Effective August 1, 2022, Delaware amended Section 102(b)(7) of its General Corporation Law to allow a Delaware corporation to include in its certificate of incorporation a provision exculpating certain of its officers. Notably and unlike the...
Suing The CEO For Social Activism Is Likely To Be Challenging Under Nevada Law
Posted on August 23, 2017
Yesterday's post concerned asked the question whether shareholders can sue CEOs for social activism. The answer is of course, yes. The more interesting question is whether shareholders will win the suit. To answer that question, one must first...
