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Delaware Creates More Corporate Clarity and Overhauls Rules Governing Conflicted Transactions

In February 2025, the Delaware General Assembly introduced legislation to significantly amend Section 144 of the Delaware General Corporation Law (DGCL) to improve the legal framework surrounding transactions involving...more

Delaware Court of Chancery Invalidates Governance Rights in Stockholder Agreement

On February 23, 2024, the Delaware Court of Chancery issued a decision in a class action lawsuit (West Palm Beach Firefighters’ Pension v. Moelis & Co.) that concluded most of the control provisions in a stockholder agreement...more

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