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Corporate & Securities Law

: BusinessAssociationsBlog.com

CA v. AFSCME: Precommitments

By Stephen Bainbridge

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In recent years, the Delaware supreme court (and, in fairness, the chancery court) has painted itself intosomething of a corner. In Quickturn Design Sys., Inc. v. Mentor Graphics Corp., 721 A.2d 1281 (Del. 1998), the Delaware supreme court invalidated a so-called no hand poison pill. According to the court’s opinion, Delaware law “requires that any limitation on the board’s authority be...

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Full post as published by BusinessAssociationsBlog.com on July 15, 2008 (boomark / email).

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