It has now been 20 years since the historic collapse of WorldCom, Inc. (“WorldCom” or the “Company”). A review of the WorldCom collapse yields some continuing lessons for corporate counsel....more
California Corporations Code Section 603(a) broadly authorizes shareholder action by written consent...more
Earlier this week, I wrote about a proposed amendment to Section 228 of the Delaware General Corporation Law. The amendment, which is proposed by The Corporate Council of the Corporation Law Section of the Delaware State...more
A quarter century ago, I wrote a brief piece criticizing how Delaware handled stockholder action by written consent...more