This Week in Chancery Court: Apollo, Fidelity, FTX Creditor
Apollo Global Management Inc. will ask the Delaware Chancery Court this week to dismiss claims that it bet on senior citizens ...
JD Supra1h
Delaware court finds corporate charter cannot incorporate private agreement by reference
In Seavitt v. N-able, 321 A.3d 516 (Del. Ch. 2024), decided prior to the amendment of the Delaware General Corporate law to add Section 122(18), ...
Meta in Talks to Reincorporate in Texas or Another State, Exit Delaware
The potential step by the social-media giant follows a similar move by Elon Musk, who moved to reincorporate his companies in ...
CITIZENS FOR JUDICIAL FAIRNESS WARNS DELAWARE LEADERS OF CHANCERY OVERREACH IMPACT TO $2 BILLION CORPORATE ECONOMY AS META PREPARES FOR "DEXIT"
Today, the Wall Street Journal and the New York Times reported that Meta, a company worth $1.7 trillion, plans to move their incorporation out of Delaware in response to Chancery Court overreach. The ...
JD Supra30m
Validity of Stockholder Agreements with Delaware Corporations
Effective August 1, 2024, the Delaware General Corporation Law (“DGCL”) was amended to include a new Section 122(18), pursuant to which ...
Law1mon
Meet the Delaware Court of Chancery's First Senior Magistrate Judge
I look forward to continuing to work closely with her to help our magistrate judges serve Delaware’s most vulnerable populations." During her time with the Court of Chancery, Molina has served ...
Trump seeks presidential immunity from any civil lawsuit filed against him in state court
Donald Trump wants to stop a lawsuit against his Truth Social company by arguing that, while he's president, he should be ...
Delaware man denied request to retrieve horse killed in hit-and-run from landfill
A Delaware Chancery Court judge has denied a man's request to retrieve his beloved horse from a Felton landfill after it was killed in a hit-and-run.
Chancery Holds Proposed Conversion From Delaware Corporation to Nevada Corporation Requires Only Majority OK Under DGCL Statute
Other states, such as Nevada and Texas, are attempting to grow their corporate franchise, a byproduct of which has led to ...
Skechers Corporate Jet Use by Top Executives Upheld in Delaware
The use of Skechers USA Inc.‘s two corporate jets for personal trips, including top executives’ flights to lavish vacation ...
Meta Said to Explore Incorporating in a Different State
The owner of Facebook and Instagram is incorporated in Delaware, but is considering a change. Its corporate headquarters would remain in Silicon Valley, people with knowledge of the matter said.