Litigation

Yahoo's Severance Plans and Delaware Corporate Law

By Francis G. X. Pileggi, Esq.

Here is a review of specific aspects of Delaware corporate law by Prof. Stephen Bainbridge as applied to recently enacted severance plans by Yahoo in connection with Microsoft's recent takeover attempts, including a discussion of whether those plans should be treated as "dead hand pills". The good professor, one of the leading corporate law scholars in the country, refers to his prior writings as part of his analysis about a likely ruling by the Delaware Chancery Court in a pending lawsuit that raises the issue. Here  is a supplemental post.

Full post as published by Delaware Corporate and Commercial Litigation Blog on June 12, 2008 (boomark / email).