In recent decisions, the Delaware Court of Chancery continued to follow the Delaware Supreme Court’s mandate from Aruba, Dell and DFC to rely on market-based metrics, when available, to determine fair value in appraisal...more
As discussed in an earlier edition of Insights: The Delaware Edition, Sections 204 and 205 of the Delaware General Corporation Law (DGCL) provide methods for Delaware corporations to unilaterally ratify defective corporate...more
11/30/2018
/ Board of Directors ,
Consent ,
Defective Corporate Acts ,
Delaware General Corporation Law ,
Judicial Review ,
Majority Shareholders ,
Mergers ,
Ratification ,
Reverse Stock Splits ,
Revocation ,
Section 204 ,
Section 205 ,
Self-Interest ,
Shareholder Approval ,
Shareholder Rights ,
Shareholder Votes ,
Stock Issuance ,
Technical Errors
Since they became effective in 2014, Sections 204 and 205 of the Delaware General Corporation Law (DGCL) have provided mechanisms for a corporation to unilaterally ratify defective corporate acts or seek relief from the Court...more