Very recently, we wrote on the Andrikopoulos decision of Vice Chancellor Parsons (Andrikopolous v. Silicon Valley Innovation Company, LLC, C.A. No. 9899-VCP (Del. Ch. July 30, 2015),
Continue Reading Andrikopoulos Decision Adopted – Advancement Claims Not Afforded Priority Status in Receivership Proceeding

A Delaware corporation may impose additional restrictions or conditions upon permissive advancement rights.  However, a Delaware corporation’s board of directors may not change the terms of contractually mandatory advancement after
Continue Reading Section 145 Advancement Rights May Not be Changed Retroactively After Advancement Sought