Corporate Governance

Delaware Court Allows Fiduciary Claims Over Venture Capital Firm’s Alleged Self-Dealing

The Delaware Chancery Court in a recent ruling refused to dismiss fiduciary duty claims against a venture capital firm...

Jun 17 · 2 min read >

Chancery Court Says Bylaws, Stockholder Agreement Make Ineffective Bid To Oust TradingScreen CEO

The Delaware Chancery Court has held a stockholder consent that purported to remove the CEO of TradingScreen Inc. was...

May 14 · 1 min read >

Director Compensation Pursuant to Discretionary Equity Plans are Reviewed Using the Entire Fairness Standard

The Delaware Supreme Court recently overturned a lower court’s decision to dismiss a stockholder derivative suit against the directors...

Chancery Court Provides Guidance On ‘Void’ vs. ‘Voidable’ Stock Issuances

The Delaware Court of Chancery in a recent decision held that stock Roma Restaurant Holdings Inc. issued in 2016...

May 8 · 2 min read >

Are ICO Tokens Securities? Federal Court Poised To Answer For First Time

A New York man charged by the U.S. government with securities fraud in connection with two Initial Coin Offerings...

SEC Says Many Online Trading Platforms For Cryptocurrencies Should Be Registered

Last week, the Securities and Exchange Commission said that many online trading platforms for digital assets, including coins and...

SEC Charges Defunct Bitcoin Trading Platform With Operating Unregistered Securities Exchange

The Securities and Exchange Commission has charged a defunct Bitcoin-denominated platform and its founder with operating an unregistered securities...

Delaware Supreme Court Ruling In Dell Appraisal Case Emphasizes Importance Of Deal Price

The Delaware Supreme Court recently issued a much-anticipated appraisal ruling and reversed a lower court’s decision that found a...

SEC Suspends Studio’s Reg A+ Exemption Over CPA Snafu

One of the first companies to sell securities using Regulation A+ recently had its exemption temporarily suspended by the...

Global Index Providers Move To Exclude Companies With Multi-Class Share Structures

After seeing the control maintained by the founders of Facebook, Snap and other public companies, clients often want to...