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Delaware residents, along with government agencies, Sussex, Kent and New Castle conservation districts, and nonprofit organizations throughout the state, can help support Delaware’s continuing quest for clean water by taking advantage of an annual...
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To embed, copy and paste the code into your website or blog: John Jenkins at DealLawyers.com took note yesterday of an interesting ruling by Vice Chancellor J. Travis Laster in Stream TV Networks v. SeeCubic, C.A. No. 2020-0310-JTL (Dec. 8, 2020). On issue in the case was whether Section 271 of the Delaware General Corporation Law requires shareholder approval when an insolvent corporation transfers all or substantially all of its assets to its secured creditors. Vice Chancellor Laster ruled: "Interpreting Section 271 to require a stockholder vote before an insolvent or failing c...