Managing Partner Roger Barton published his latest article with Thomson Reuters on May 8th, titled “Delaware law changes parameters for transactions involving interested directors, officers, and controlling stockholders.”
The article delves into the controversial Delaware Senate Bill 21 passed back in March, which amended the Delaware General Corporation Law where it deals with safe harbors and “cleansing mechanisms” for business transactions involving financially interested directors, officers, and/or controlling stockholders of a corporation.
The article examines the possible motives behind the creation and passing of the bill, the public reaction to the bill’s lowered guardrails, and the prior Delaware case law that is likely to be affected.
You can read the full article here.
Roger E. Barton