Delaware Courts

Delaware Court to Rule on Exclusive-Forum Bylaws

February 22, 2012

Investor activists are waging a courtroom battle this spring against scores of companies that have adopted bylaws designating Delaware as the exclusive legal forum for deciding shareholder litigation. If the Delaware Chancery Court upholds such "forum bylaws," expect more companies to follow suit, says Steven Haas, a lawyer with law firm Hunton & Williams.
 

Delaware Court Delivers Sharp Rebuke to Directors

November 15, 2011

The Delaware Court of Chancery warned directors in two recent decisions to put the interests of the company and its shareholders first. In one case, the court found the directors breached their duty of loyalty by allowing the company's largest shareholder to exert undue influence. In another case, the court ruled that the board erred when it issued preferred shares as a defense mechanism. Details inside.
 

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Survey of the Week


Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets. 

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