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Closure on Moelis: Delaware Takes Action

The Delaware House of Representatives recently passed Senate Bill 313 (SB 313), overcoming the final major obstacle to essentially overturn the ruling in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co.1 The Moelis...more

Back to the Drawing Board: Delaware Bar Proposes Legislation Limiting Effects of Moelis Ruling on Stockholders Agreements

In a lightning-fast response to the recent ruling in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co., the Delaware State Bar Association’s Council of the Corporate Law Section has proposed an amendment to the...more

No More Board Games: Delaware Court Strikes Down Provisions in Stockholder Agreement That Restrict Board’s Statutory Authority

The Delaware Court of Chancery is striking back against “new wave” stockholder agreements, which feature stockholder preapproval rights and board restrictions, rather than covenants among stockholders regarding traditional...more

California Establishes Department Of Cannabis Control

In an effort to centralize and simplify regulatory and licensing oversight of the cannabis market, California has created the Department of Cannabis Control (DCC). With the passage of Assembly Bill 141, the DCC...more

California Governor Signs Bill Creating Department Of Cannabis Control

On July 12, 2021, California Gov. Gavin Newsom signed into law Assembly Bill 141 (AB-141), which creates the Department of Cannabis Control (DCC). The DCC will consolidate the three state cannabis programs – the Bureau of...more

CBD Companies Are Falsely Claiming CBD Can Prevent COVID-19

As COVID-19 continues to rapidly spread, individuals are seeking remedies to prevent or mitigate the effects of COVID-19. Some companies are claiming their CBD products can provide a variety of immunities from COVID-19. These...more

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