California Comments On Crescent City Corporate Conference

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Last week, I attended the 23rd Annual Corporate Law Institute sponsored by Tulane University Law School. Here are some notes.

Who Came

The Institute drew a crowd of nearly 400 people, including about two dozen reporters. Reportedly, Bloomberg, Reuters, The Wall Street Journal and others had representatives attending the Institute.

Who Spoke

The panels were excellent, featuring Delaware Supreme Court Justice Jack Jacobs and Vice Chancellors J. Travis Laster, Donald Parsons and Leo Strine as well as leading members of the Delaware and New York Bars. The Institute’s title is a bit of a misnomer. This is really a conference by East Coast practitioners about Delaware corporate law, as impacted by the federal securities laws. However, I did hear Vice Chancellor Strine briefly refer to California-style non-retention votes, presumably a reference to Section 708.5 of the California Corporations Code.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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