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Court Of Chancery Invalidates Consent For Inadequate Disclosures

By Morris James LLP on May 29, 2014
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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