Delaware Business Litigation Report

Court Of Chancery Upholds Right To Indemnifcation In Face Of Bylaw Amendment

Branin v. Stein Roe Investment Counsel LLC, C.A. No. 8481-VCN (June 30, 2014) Can a company defeat a former officer's claim for indemnification by simply amending its bylaws?  If the right to indemnification has already accrued, such as by the filng of a suit against that director, the short answer is "no." Share