Stephanie Lindemuth

1 month ago | jdsupra.com | Michael Chen |Stephanie Lindemuth |Douglas Rappaport

Last week, Delaware approved legislation overhauling the Delaware General Corporation Law (DGCL). As detailed below, the amendments to the DGCL ease certain restrictions applicable to “conflicted controller” transactions, and limit certain stockholder inspection rights. The legislation’s passage followed a fast-tracked proposal process, zealous public discourse culminating in a tense two-hour debate on the Delaware House floor and a prompt signature from Governor Matt Meyer.