On February 27, the Delaware Supreme Court unanimously upheld the constitutionality of the state’s major revision to the Delaware General Corporation Law (DGCL) that fundamentally changed the rules for transactions
Continue Reading Delaware Supreme Court Upholds Major Rewrite of State’s Corporation Law
In keeping with the close watch that the Business Court keeps on developments in Delaware corporate law, we suggest a brief review of recent changes made by the Delaware legislature
Continue Reading Delaware Curbs Shareholder Challenges to Executive CompensationBy Jeff MacHarg and Camryn Rohr
To practitioners familiar with internal disputes involving closely held companies, the allegations in Lafayette Village Pub, LLC v. Burnham, 2025 NCBC 8, are
Continue Reading A(nother) Cautionary Tale on the Importance of Operating Agreements
As a matter of business hygiene, North Carolina’s records inspection statute is a bit of an information ATM. But the Business Court recently cautioned that a requester still has to
Continue Reading Wide Access for Inspecting LLC’s Records has Narrow, but Crucial, Guideposts
So-called “new wave” stockholder agreements that purport to meaningfully limit a board’s authority to manage a corporation got a recent stern look from the Delaware Court of Chancery in West
Continue Reading When a “New-Wave” Stockholder Agreement Crashes into the Statutory Wall of a Board’s Corporate Control