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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....

Delaware Court Says Stockholder Entitled To Merger-Related Emails, Communications

The Delaware Chancery Court recently granted a request from a stockholder of Globalstar Inc. to inspect certain emails and...

SEC Hits ICO Founder With Penalties Over Token Bounty Program

The Securities and Exchange Commission recently announced a $30,000 fine and a trading ban against the founder of a...

Aug 28 · 2 min read >

SEC Official Says Ether Not A Security In Groundbreaking Speech

A high ranking Securities and Exchange Commission official recently asserted that the digital currency Ether is not a security,...

Aug 27 · 2 min read >

Doing Business Overseas? You Need To Know About BE-120

U.S. companies that do business abroad likely will have to respond periodically to the BE-120, a survey of transactions...

Credit Karma Hit With $160K Fine For Stock Option Failures

Credit Karma, a San Francisco fintech company, recently agreed to pay a $160,000 penalty to settle charges from the...

Jul 22 · 1 min read >

Delaware Legislation Allowing For Division Of LLCs Moves To Governor’s Desk

The Delaware state legislature has passed a bill that contains a number of amendments to the Delaware Limited Liability...

Chancery Court Dismisses Fiduciary Claims Over Oracle-OPower Acquisition

In van der Fluit v. Yates, the Delaware Chancery Court dismissed fiduciary claims against the board of Opower Inc.,...

Jun 24 · 2 min read >

Fourth Circuit Says Yes, Reverse Veil Piercing Is Allowed In Delaware

The U.S. Court of Appeals for the Fourth Circuit was required in a recent decision to confront the question...

Jun 24 · 1 min read >