Michael D. Redondo

Michael D. Redondo

Holland & Knight LLP

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Delaware Court of Chancery Upholds Forum Selection Provisions in Board-Adopted Bylaws

On June 25, 2013, Chancellor Strine of the Delaware Court of Chancery upheld the statutory and contractual validity of bylaws adopted by a corporation's board of directors that specifically designate an exclusive forum for...more

7/17/2013 - Board of Directors Bylaws Forum Forum Selection Clause Jurisdiction

Delaware Chancery Court Expands Number of Direct Claims Available to Stockholders

On March 15, 2013, the Delaware Court of Chancery denied motions to dismiss filed by a group of director defendants and certain affiliated funds for claims brought by a group of stockholders. The claims allege that the...more

4/4/2013 - Board of Directors Derivative Suit Dilution Fiduciary Duty Preferred Shares Self-Dealing Stocks

Delaware Supreme Court Affirms Denial of Attorneys' Fees Relating to Corporate Waste Claim Based on a Board's Decision to Forego...

On January 14, 2013, the Delaware Supreme Court affirmed a trial court's denial of attorneys' fees in connection with a corporate waste claim filed against corporate board members for the board's decision to pay certain...more

1/29/2013 - Attorney's Fees Board of Directors Bonuses Business Judgment Rule Compensation Committee Executive Compensation IRS Shareholder Litigation Tax Deductions Waste

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