Travis Wofford

Travis Wofford

Baker Botts L.L.P.

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Texas Corporations Gain New Governance Tools and Increased Predictability in Shareholder Disputes

Last week, Texas Governor Greg Abbott signed into law Texas Senate Bill 29, which includes a comprehensive package of amendments to the Texas Business Organizations Code aimed at reinforcing and revitalizing the governance...more

5/21/2025  /  Board of Directors , Business Judgment Rule , Business Litigation , Corporate Governance , Derivative Suit , Disclosure Requirements , Fiduciary Duty , New Legislation , Shareholder Litigation , Texas

Delaware Supreme Court Confirms “Potential” Control is Not Enough to Find Actual Control

In an opinion late last month, the Delaware Supreme Court brought a close to the long-running shareholder litigation regarding Oracle’s 2016 purchase of NetSuite. The decision provides instruction for how significant minority...more

2/5/2025  /  Acquisitions , Board of Directors , Business Entities , Corporate Governance , Corporate Transparency Act , DE Supreme Court , Delaware , Fiduciary Duty , Mergers , Shareholders
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