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: Delaware Business Litigation ReportSupreme Court Clarifies Unocal/Moran Relationship
By Edward M. McNally
Versata Enterprises Inc v. Selectica Inc. , C.A. 193, 2010 (October 4, 2010)
This is the most important clarification of Delaware law under the Unocal and Moran decisions in several years and is worth a close study. The Supreme Court upheld the Court of Chancery decision that a 5% poison pill was valid under the Unocal tests and not preclusive under Moran despite the presence of a staggered board.
Full post as published by Delaware Business Litigation Report on October 04, 2010 (boomark / email).
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