Delaware Court Enjoins “Board Reduction Plan” Aimed at Undermining Threatened Proxy Contest

Posted by on Friday, October 7, 2016 in Delaware Corporate Law Bulletins, En Banc.

Delaware Court Enjoins “Board Reduction Plan” Aimed at Undermining Threatened Proxy Contest

ABSTRACT

Explains that enhanced scrutiny, requiring a compelling justification for electoral manipulations, is the appropriate judicial standard of review.

AUTHORS

Robert S. Reder
Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011.

Loren D. Goodman
Vanderbilt University Law School, J.D. Candidate, May 2017. Thank you to Professor Reder and the Vanderbilt Law Review for the opportunity to participate in this En Banc series.