In a lightning-fast response to the recent ruling in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co., the Delaware State Bar Association’s Council of the Corporate Law
Continue Reading Delaware Bar Works to Limit Effects of Moelis Ruling on Stockholders AgreementsFox Rothschild LLP
No More Board Games: Delaware Court Strikes Down Key Provisions in Stockholder Agreement
By Fox Rothschild LLP on
The Delaware Court of Chancery is striking back against “new wave” stockholder agreements, which feature stockholder preapproval rights and board restrictions, rather than covenants among stockholders regarding traditional stockholder rights.…
Continue Reading No More Board Games: Delaware Court Strikes Down Key Provisions in Stockholder Agreement