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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
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Court Of Chancery Invalidates Consent For Inadequate Disclosures
Posted In Stockholders' Meetings
Flaa v. Montano, C.A. 9146-VCG (May 29, 2014)
In soliciting consent there is a duty to be truthful and to disclose the material facts. Here, the Court invalidated a written consent for want of full disclosure over how the consent was obtained. The decision also has an interesting discussion of what constitutes impermissible vote-buying
Tags: Stockholders' Meetings
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