SVDX

On March 15, 2023, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery issued a rare post-trial decision finding a CEO personally liable for millions of dollars in damages for breaching his fiduciary duties by tilting his company’s sale process in favor of his preferred acquiror and failing to disclose material facts about the sale process.

WSGR’s 2022 Delaware Corporate Law and Litigation Year in Review discusses the most notable cases, issues, and trends for practitioners, corporations, boards, and investors, including as to controlling stockholder litigation, multiclass capital structures, director compensation, directors’ oversight obligations, stockholder activism, the Twitter battle, stockholders’ ability to obtain directors’ and officers’ emails, and the 2022 DGCL amendments.