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Delaware Chancery Court Rejects Books/Records Suit Against Disney Relating To

The Delaware Court of Chancery rejected a lawsuit by a Walt Disney Company stockholder to compel inspection of Disney's books and records relating to the company's opposition. ....

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Delaware Chancery Court Rejects Books/Records Suit Against Disney Relating to "Don't Say Gay" Legislation | Proskauer - Corporate Defense and Disputes

Delaware Chancery Court Rejects Books/Records Suit Against Disney Relating to "Don't Say Gay" Legislation | Proskauer - Corporate Defense and Disputes
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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DE Court Rejects Lawsuit v. Disney Regarding FL's Don't Say Gay Law

DE Court Rejects Lawsuit v. Disney Regarding FL's Don't Say Gay Law
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

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Yes, Federal Investigations May Require Your Company to Comply With a Stockholder's Books-and-Records Demands | Faegre Drinker Biddle & Reath LLP

Gross v. Biogen Inc
., C.A. No. 2020-0096-PAF (Del. Ch. Apr. 14, 2021).
On October 11, 2016, plaintiff Melvin Gross, served the first of four books-and-records demands on defendant Biogen Inc., under DGCL Section 220. Mr. Gross was a stockholder of Biogen at the time he made the demand. The demand sought eight categories of materials in order to: (1) “investigate possible corporate wrongdoing” and mismanagement related to state and federal investigations; and (2) “determine the independence of the Board members.” Biogen rejected the October 2016 demand, contending that it did not meet Section 220’s form and manner requirements, and that Gross lacked a proper purpose to inspect Biogen’s records. Through subsequent books-and-records demands on November 4, 2016, June 21, 2018, and December 3, 2019, Gross attempted to cure the alleged deficiencies, but succeeded only in prompting Biogen to argue that certain of the records sought were neither necessary nor essentia ....

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Facts Matter: A Fresh Look at Rights Plans and Fiduciary Duties | Akin Gump Strauss Hauer & Feld LLP

To embed, copy and paste the code into your website or blog:
In mid-March 2020, concerned about opportunistic activist stockholders, a precipitous decline in oil prices and corresponding stock volatility, as well as uncertainty created by the unprecedented COVID-19 pandemic, the board of directors of the Williams Companies, Inc. (“Williams” or the “Company”) adopted a one-year stockholder rights plan with a five percent trigger (the “Williams Plan”). Less than a year later, the Delaware Court of Chancery, after reviewing the Williams Plan under the Unocal standard, permanently enjoined it, and found that the directors had breached their fiduciary duties, thereby rendering it unenforceable. ....

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