Corporate Governance

Delaware Supreme Court Revives Caremark Claim Over Blue Bell Listeria Outbreak

The Delaware Supreme Court has revived a stockholder lawsuit that seeks to hold members of Blue Bell Creameries personally...

Aug 20 · 2 min read >

SEC Provides Clarity For Digital Token Sales

The Securities and Exchange Commission earlier this month issued detailed guidance to companies that want to sell digital tokens,...

Founder’s Stock: Should You Subject It To Vesting Before A Venture Financing?

When the founders of a company invest in their business – either with money or their intellectual property –...

Delaware Supreme Court Upholds Dismissal Of Trade Secrets Case Against PE Fund

The Delaware Supreme Court has upheld a lower court’s decision to dismiss smart home company Alarm.com’s trade secrets case...

Delaware Supreme Court Allows Email Inspection In Books & Records Suit

The Delaware Supreme Court in a recent order ruled an investor that is investigating potential fraud and mismanagement at...

Corporate Forum Selection Provision Not Applicable to Securities Law Claims

A Delaware Chancery Court has held unenforceable corporate bylaws requiring claims brought under the Securities Act of 1933 be...

Jan 2 · 1 min read >

Delaware Supreme Court Clarifies MFW Framework In Take Private Transaction

The Delaware Supreme Court recently upheld a lower court’s decision to dismiss a shareholder lawsuit challenging a $125 buyout...

In A First, California To Require Public Companies Have Female Directors

California Gov. Jerry Brown recently signed into law a bill that will require all publicly traded companies with headquarters...

Delaware Divisive Merger Statute Takes Effect

An amendment to the Delaware Limited Liability Company Act that allows for the division of LLCs recently took effect....

Super Voting Stock: The Advantages and Pitfalls

The idea of so-called super voting stock can be appealing to founders concerned about losing control of their company....