Del. Chancery Addresses Petition for Validation of Retroactive Record Date
Deal Lawyers
OCTOBER 29, 2024
In August, Vice Chancellor Lori Will issued a post-trial memorandum opinion in TS Falcon I, LLC v. Golden Mountain Financial Holdings Corp. (Del. Ch.; 8/24). The case involves a board’s decision to set a retroactive record date for an annual stockholder meeting, which the defendants sought to validate under Section 205 of the DCGL.
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