Public Benefit Corporations
4 articles tagged with "Public Benefit Corporations".
The Death of Revlon for the Virtuous: Delaware Chancery Exempts Public Benefit Corporations from the Highest-Bidder Mandate
A Seismic Shift in Delaware M&A Fiduciary Duties For exactly forty years, the gravitational pull of Delaware corporate law has relentlessly drawn change-of-control transactions toward a single, inescapable mandate: get the highest price for the share...
The Death of Revlon for PBCs: Delaware Chancery Blesses the Ultimate Anti-Takeover Shield
The Sacred Cow of Delaware M&A Just Got Slaughtered For nearly forty years, the fundamental commandment of Delaware corporate law during a change of control has been absolute: when a company is up for sale, the board of directors must abandon all oth...
Delaware’s Contractarian Counter-Revolution and the SEC’s Shareholder Proposal Retreat
The Delaware Supreme Court Slams the Door on the Governance Panic of 2024 For corporate practitioners, 2026 will go down as the year Delaware forcefully reminded the nation why it remains the undisputed capital of American corporate law. In a rapid-f...
Delaware's 2026 Counter-Revolution: The Supreme Court Re-Empowers Boards and Founders While SCOTUS Preserves SEC Disgorgement
The Pendulum Swings Back to the Boardroom If 2024 and 2025 were the years the Delaware Court of Chancery aggressively policed corporate governance and restricted founder control, 2026 is the year the Delaware Supreme Court firmly hit the brakes. In a...
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