Doubling Down on “Plain Language”: Delaware Court Extends In re VAALCO Energy by Invalidating Supermajority Vote Requirement for Director Removal
Doubling Down on Plain Language Delaware Court Extends
ABSTRACT
Court finds that plain language of DGCL §141(k) unequivocally requires only a simple stockholder majority to remove members of an unclassified board of directors
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
Stanley Onyeador
Vanderbilt University, J.D./M.B.A. Candidate, May 2017. Upon graduation, Stanley Onyeador will join the Corporate group at Cravath, Swaine & Moore in New York, New York. Thanks to Professor Reder and the Law Review for the opportunity to publish in this En Banc series.