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Chancellor Chandler Upholds Airgas Poison Pill, Finds Boards Have Power to Defeat Inadequate Hostile Offers; Air Products Withdraws Bid
Publication Date: 2011-02-15 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
In Chandler's hotly anticipated opinion, the Delaware Chancery Court judge concluded that, in his view, the Airgas pill had already served its defensive purpose, but that under Delaware law, it is the board's business judgment--and not his--that matters.
Susan Beck's Summary Judgment: Special Scrutiny Is Needed When Directors Can Choose Where They're Sued
Publication Date: 2012-02-15 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
There's a battle brewing over whether companies can unilaterally change their bylaws to require that a broad class of shareholder suits be filed exclusively in Delaware Chancery Court. Such bylaws may promote judicial efficiency, but the corporate directors who adopt them may also have their own interests in mind.
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