Yesterday, Delaware’s governor, John C. Carney adopted a tenth amendment to the state’s COVID-19 related emergency order. Among other things, the amendment allows publicly listed Delaware corporations to notify stockholders of a change in their annual stockholder meeting from in-person to virtual solely by a document publicly filed by the corporation with the Securities and […]
In City of Tamarac Firefighters’ Pension Trust Fund v. Corvi, the plaintiff stockholder brought a derivative action against United Continental Holdings, Inc. (“United Airlines”) and its board of directors for wrongful demand refusal, waste, and unjust enrichment related to a separation agreement it entered into with its former CEO. 2019 WL 549938 (Del. Ch. Feb. […]
In Pell v. Kill, et al, C.A. No. 12251-VCL (Del. Ch. May 19, 2016), the Delaware Court of Chancery issued a preliminary injunction against a board’s plan to reduce the size of the board of directors in the face of an looming proxy battle. The case involved Cogentix Medical, Inc., a NASDAQ-listed Delaware corporation. Plaintiff, […]
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