Recent Delaware Decisions Address Board Member Fiduciary Duties, Stockholder Rights

The Delaware Court of Chancery and Delaware Supreme Court have issued a number of significant decisions in recent months that impact boardroom directors and shareholders alike. In December 2014, the Supreme Court provided important clarification on a board of directors’ Revlon duties in C&J Energy Servs. v. City of Miami Gen. Employees’ & Sanitation Employees’ Retirement Trust. In January 2015, the Court of Chancery’s Vice Chancellor Glasscock addressed the practice of “appraisal arbitrage” when determining the fair value of stock during a merger in In Re Appraisal of Ancestry.com, Inc.

Delaware Laws Governing Business Entities, Spring 2015 Edition

The full text of these and other cases, as well as recent changes to Delaware business law, are captured in the Spring 2015 Edition of Delaware Laws Governing Business Entities. Published by CSC^®Publishing in collaboration with LexisNexis, this resource is the most comprehensive collection of annotated Delaware business statutes available.

The Spring 2015 Edition, due to be released later this month, is updated through Act Chapter 443 of the 147thGeneralAssembly, with updates to the Chancery Court rules through January 1, 2015. The book’s Table of Sections Affected provides an overview of legislative changes, and Blackline Amendment notes clearly indicate how the laws have changed.

The new edition includes 110 new case notes from Delaware state courts and from courts in other jurisdictions applying Delaware business entity law. The Table of New Annotations lists the new cases that have been added, and gray bars in the body of the book indicate where new cases have been inserted. In addition, the “Guidelines for Persons Litigating in the Court of Chancery” have been included as an additional resource for practitioners, corporate counsel and support staff.

Order your copy of Delaware Laws Governing Business Entities

The set includes a CD-ROM with a comprehensive collection of over 150 forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types in Delaware. A listing of the forms and contact information for Delaware can be found in the book’s appendix.

Delaware Laws Governing Business Entities is available as a two-volume set of softbound book or as an ebook set, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.

To learn more about the Spring 2015 Edition of Delaware Laws Governing Business Entities, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.