Chancery Applies “Independent Legal Significance” Doctrine to Nevada Reincorporation Vote
Chancery Applies “Independent Legal Significance” Doctrine to Nevada Reincorporation Vote

Yesterday, in Gunderson v. The Trade Desk, (Del. Ch.; 11/24), the Chancery Court granted summary judgment to the defendants in a case involving claims that a Delaware corporation’s migration to Nevada required a supermajority vote under the terms of its charter. In rejecting those claims, Vice Chancellor Fioravanti invoked the “independent legal significance doctrine in support […]

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