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 ...
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 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), ...
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 ...
Morningstar2d
CITIZENS FOR JUDICIAL FAIRNESS WARNS DELAWARE LEADERS OF CHANCERY OVERREACH IMPACT TO $2 BILLION CORPORATE ECONOMY AS META PREPARES FOR “DEXIT”
Chancellor McCormick and the Chancery Court continue to award exorbitant fees to lawyers while exploiting businesses and their workers. Companies that once flocked to Delaware for its globally ...
This Week in Chancery Court: Biogen, T-Mobile, Repsol SA
Biogen Inc. is fending off a lawsuit in the Delaware Chancery Court over its recent offer to buy out Sage Therapeutics, its ...
JD Supra26m
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 ...
Oracle-NetSuite Deal Wins OK from Delaware Supreme Court
The opinion by Chief Justice Collins J. Seitz Jr. is a victory for the Young Conaway Stargatt & Taylor and Latham & Watkins ...
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 ...
Meta Discusses Reincorporating Its Business Outside Delaware
Meta Platforms Inc. is discussing reincorporating its business outside of Delaware, where the company has been legally ...
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 ...