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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Court Of Chancery Enjoins Proxy Contest For Violation Of NDA
Non-disclosure agreements are often used and frequently ignored. Well not any more. This decision enjoins a proxy contest for 4 months because the bidder violated a NDA in its proxy materials. This unique remedy will make it much more important to carefully draft and to honor NDAs.