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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Supreme Court Clarifies Unocal/Moran Relationship
This is the most important clarification of Delaware law under the Unocal and Moran decisions in several years and is worth a close study. The Supreme Court upheld the Court of Chancery decision that a 5% poison pill was valid under the Unocal tests and not preclusive under Moran despite the presence of a staggered board.