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Proposed changes in Delaware's corporate laws are causing a stir in the legal community. The Delaware Corporation Law Council is considering revisions to reverse pro-plaintiff decisions disliked by the corporate bar. These changes could impact derivative actions and standing for creditors' committees in Delaware LLCs.
So what are all the decisions of Delaware courts that have been essentially overruled by Delaware legislation? Van Gorkom and ATP Tour come to mind. Anyone have examples or a complete list?
Quick blog post on the proposed changes to the DGCL, to overrule Activision, Crispo, and Moelis: https://t.co/USee2VP3UG
Wow, these are actually pretty big changes in Delaware. TBH, they will make the lives of corporate attorneys a lot easier but I’ve got to concede some of them are a little too insider friendly IMO. https://t.co/YUlNnvgGOd
