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Friends, Families, and Fools: Delaware Chancery Court Rules on Constituency Directors
I fondly recall from an entrepreneurship class with Dan Himelstein at University of California, Berkeley, Haas School of Business that your first round of financing as an entrepreneur is composed of the 3 Fs: Friends, Family… and Fools.
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The Do’s and Don’ts of Stockholder Section 220 Demands
In Christian Schank, et al. v. Ariz. Isotopes Sci. Rsch. Corp, decided in late 2025 by the Delaware Chancery Court and for which a final report was issued on April 24, 2026, the plaintiffs representing more than 5% of the company’s stock demanded to inspect Company records under Section 220 of the Delaware General Corporation…
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Recent Posts
- Delaware’s Latest M&A Ruling: When Buyers Frustrate the Earnout Mechanism
- Pagaya’s acquisition of Theorem: A Lesson in No-Contact vs. Intent-Based Restrictive Covenants
- Is Your Term Sheet Binding? New Delaware Case Provides an Overview
- Royal Oak’s Acquisition of Whole Earth Brands: When Boards Fail Delaware’s Newly Amended Rule 144 Safe Harbor
- Drafting Employment Agreements in M&A: A Lesson in Delaware’s Officer-Consent Statute
