In Stream T.V. Networks, Inc. v. SeeCubic, Inc., the Delaware Supreme Court (“Court”) held that section 271 of the Delaware General Corporation Law (“D.G.C.L”), which requires stockholder approval for a Delaware corporation...more
8/5/2022
/ Articles of Incorporation ,
Asset Transfer ,
Bankruptcy Code ,
Board of Directors ,
Closely Held Businesses ,
Corporate Governance ,
Deed-in-Lieu of Foreclosure ,
Delaware General Corporation Law ,
Insolvency ,
Share Classes ,
Shareholder Approval ,
Shareholder Rights ,
Shareholder Votes ,
Shareholders
A recent ruling by Judge Glenn in the Bankruptcy Court for the Southern District of New York shows that notwithstanding the U.S. Supreme Court’s In re Jevic decision, structured dismissals of chapter 11 cases are still...more
In a recent decision, the Delaware Supreme Court ruled that insuring against fraud does not per se violate Delaware public policy and held that the insured’s D&O policy covered claims alleging securities fraud. RSUI Indemnity...more
6/29/2021
/ Class Action ,
Corporate Counsel ,
Corporate Officers ,
D&O Insurance ,
DE Supreme Court ,
Directors ,
Indemnification Clauses ,
Personal Liability ,
Policy Exclusions ,
Policy Terms ,
Public Policy ,
Securities Fraud ,
Securities Litigation ,
Securities Violations ,
Shareholder Litigation