As reported by CorporateCounsel.net Blog, Vice Chancellor Lamb recently decided that the suit by Prof. Bebchuk against CA regarding its bylaws was not ripe. See link:
<a title="TheCorporateCounsel.net Blog: Delaware Court Watch: The Mandatory By-Law Amendment Saga Continues” href=”http://www.thecorporatecounsel.net/blog/archive/001148.html”>TheCorporateCounsel.net Blog: Delaware Court Watch: The Mandatory By-Law Amendment Saga Continues.
I previously blogged about Prof. Ribstein’s take on the case here. The full text of the opinion of the Delaware Chancery Court can be downloaded here:download file