The Federal Government as Majority Shareholder

Posted on December 11, 2009 by Francis Pileggi

Prof. J.W. Verret, a former law clerk for the Delaware Court of Chancery, explores here on the Truth on the Market blog, the potential issues related to a majority shareholder’s duties under Delaware corporate law, when that majority shareholder is the United States government–which generally enjoys sovereign immunity, unlike the conventional majority shareholder.