Corporate Governance

Tezos Co-Founder Hit With Potential Class Action Over $232M ICO

The organizers of blockchain startup Tezos, which this summer raised over $230 million in one of the largest-ever initial...

Report Finds Just 1 In 10 ICO Tokens In Use After Sale

The market for initial coin offerings has been red-hot this year, as more startups look to raise capital by...

What Is A Series LLC?

A Series LLC is a variation of the traditional LLC and allows the owner to segregate risk within separate...

What Should Be The Interest Rate On A Convertible Note (AKA Bridge Note)?

Convertible notes are structured as loans that to the company that convert into equity at a later point in...

SEC Alleges Two ICOs Defrauded Investors

The Securities and and Exchange Commission, which recently warned investors about the risks of initial coin offerings, has charged...

SEC Warns Investors About Dangers of SAFEs

Earlier this month, the SEC’s Office of Investor Education and Advocacy issued an Investor Bulletin entitled “Investor Bulletin: Be...

Registration Rights: What You Need To Know

Under federal law, securities can only be offered or sold pursuant with a registration statement filed with the Securities...

GoodCents Preferred Stockholders Not Entitled to Liquidation Preference

The Delaware Court of Chancery recently held that a provision in the certification of incorporation of the target company...

Jul 19 · 2 min read >

When Can a Board Resignation be a Breach of Fiduciary Duties?

The board of directors has an important role in a company, acting as representatives for stockholders while making decisions...

Delaware Supreme Court Upholds Decision Permitting Energy Transfer To Exit Williams Merger

The Delaware Supreme Court recently affirmed a lower court’s decision allowing Energy Transfer Equity to abandon a planned merger...