In a sweeping ruling, the Appellate Court of Maryland, our intermediate appellate court, rejected the appellant-stockholders' claims that the directors of TravelCenters of America, Inc., a Maryland corporation...more
Recently, the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC") confirmed that it would not recommend enforcement action with respect to Exxon Mobil Corporation’s implementation of its...more
Over the past decade, Maryland-incorporated real estate investment trusts ("REITs") have been under increasing pressure to eliminate or reduce defenses against unsolicited takeovers. Boards have been declassified, directors...more
11/5/2024
/ Appraisal ,
Board of Directors ,
Bylaws ,
Corporate Governance ,
Freeze-Out Mergers ,
Mergers ,
Mortgage REITS ,
Notice Requirements ,
Shareholder Meetings ,
Shareholder Rights ,
Special Meetings ,
Takeover Bids ,
Takeovers
Effective August 1, 2022, Delaware amended its General Corporation Law (the "DGCL") to permit the certificate of incorporation of a Delaware corporation to provide for exculpation of officers from liability to the corporation...more