In Stream T.V. Networks, Inc. v. SeeCubic, Inc., the Delaware Supreme Court (“Court”) held that section 271 of the Delaware General Corporation Law (“D.G.C.L”), which requires stockholder approval for a Delaware corporation...more
8/5/2022
/ Articles of Incorporation ,
Asset Transfer ,
Bankruptcy Code ,
Board of Directors ,
Closely Held Businesses ,
Corporate Governance ,
Deed-in-Lieu of Foreclosure ,
Delaware General Corporation Law ,
Insolvency ,
Share Classes ,
Shareholder Approval ,
Shareholder Rights ,
Shareholder Votes ,
Shareholders
A recent ruling by Judge Glenn in the Bankruptcy Court for the Southern District of New York shows that notwithstanding the U.S. Supreme Court’s In re Jevic decision, structured dismissals of chapter 11 cases are still...more