Last week, the Delaware Bar’s Corporation Law Council offered some proposed revisions to SB 21, the controversial proposed amendments to the DGCL that would, among other things, provide a safe harbor for certain transactions involving a corporation and its controlling stockholder. This excerpt from Ann Lipton’s recent post on The Business Law Prof Blog summarizes the CLC’s proposed changes: Under the […]

DGCL Amendments: CLC Proposes Tweaks to SB 21 & Controversy Rages On