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Following the unprecedented Ooki DAO enforcement action by the Commodity Futures Trading Commission, the district court clarified its position on another novel legal issue, how to serve process on a DAO. Those in the DeFi market should keep an eye on personal liability.
Today's headlines make clear that privacy and cybersecurity have moved beyond IT and legal compliance issues and are now environmental, social, and governance (ESG) benchmarks vitally affecting market caps...
Delaware legislature adopted amendment to Section 102 of Delaware General Corporation Law permitting corporations to implement provision to eliminate or limit personal liability of certain officers for monetary damages for breach of fiduciary duty of care
Delaware General Corporation Law was amended to permit an exculpation clause in a corporation’s charter that limits the personal liability of the corporation’s officers for monetary damages. This limits stockholders' ability to bring a claim against corporate officers.
Court held Pelican Investment Holding,LLC Gustav Renny the managing member may be sued personally for calls made by Pelican to sell auto warranties offered by Dimension Service Corporation, due to signing a marketing agreement with Dimension and overseeing Marketing efforts