Posted on April 15, 2009 by Francis G.X. Pileggi

New Delaware Statute Allowing Proxy Access Pursuant to Bylaw Provision

Professor Lisa Fairfax on The Conglomerate blog here, provides a helpful overview of the new Delaware statute, here, Section 112, effective August 1, 2009, regarding allowance (not requirement) pursuant to a bylaw provision, of shareholder-nominated candidates for director to be included in proxy statements. The good professor's entire blog entry... Continue Reading...
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Posted on April 14, 2009 by Francis G.X. Pileggi

Chancery Court Permits Shareholder By-Law Proposal to be Placed on Ballot While Preserving Company's Legal Challenge for Later Review

Kistefos AS v. Trico Marine Services, Inc., Del. Ch., No. 4497-CC (April 14, 2009), read letter opinion here. Kevin Brady, a highly respected Delaware litigator, provides us with the benefit of his review of this case as follows. This Chancery Court decision involves an action by a shareholder seeking a... Continue Reading...
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