The journey from a Letter of Intent to a final agreement is often perilous, with the parties’ discussions and intentions wrangled by lawyers and company executives to memorialize deals with
Continue Reading Got an LOI that Extols Close Cooperation Among the Parties? Make Sure the Surviving Agreement Says it Too.
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
Jesse Shaver alleges that a founder and CEO of Raleigh-based defense contractor Vadum, Inc., “tricked him into losing his right to equity” in the company. In Shaver v. Walker
Continue Reading Campsite Moments: Stars, S’Mores, and Statements of Material Fact
Just last year, in assessing the extent to which a director has a duty to oversee a corporation’s business affairs, the Business Court noted the “limited guidance” afforded by state
Continue Reading Corporate Director Duty to at Least “Try” to Carry Out Oversight Functions May Soon Extend to Company Officers