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Delaware Supreme Court Rejects MFW Creep Argument: All Controlling Stockholder Transactions Require Dual MFW Protections To Receive Deferential Business Judgment Review

April 11, 2024 - On April 4, 2024, the Delaware Supreme Court , in an opinion decided en banc and delivered by Chief Justice Seitz, held that where a controlling stockholder stood on both sides of a.

Delaware Supreme Court Affirms Ruling in Favor of Texas Pacific Land Corporation on Litigation Related to Stockholders Agreement -February 27, 2024 at 07:03 am EST

Texas Pacific Land Corporation announced today that the Delaware Supreme Court affirmed the December 1, 2023 ruling of the Delaware Court of Chancery in favor of TPL in the litigation between the.

Delaware Supreme Court Remands Dilutive Stock Sale Case

Delaware Supreme Court Remands Dilutive Stock Sale Case
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Board Motives Matter: Delaware Supreme Court Remands Dilutive Stock Sale Case | McDermott Will & Emery

Board Motives Matter: Delaware Supreme Court Remands Dilutive Stock Sale Case | McDermott Will & Emery
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Delaware Supreme Court Affirms Decision Easing Burden On Stockholders Seeking Access To Corporation Books And Records - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. In a recent opinion, the Delaware Supreme Court (the Court) eased the burden on stockholders of Delaware corporations seeking access to a corporation s books and records under Section 220 of the Delaware General Corporation Law (DGCL). In  AmerisourceBergen Corporation v. Lebanon County Employees Retirement Fund, 243 A.3d 417 (2020), the Delaware Supreme Court affirmed a Delaware Court of Chancery decision holding that (1) to state a proper purpose under Section 220, the plaintiff need not identify the particular course of action the stockholder will take with the information gathered if

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