September, 2023
APPLICATION OF MFW FRAMEWORK DEFEATS CHALLENGE TO CORPORATE CHARTER AMENDMENT FAVORING CONTROL STOCKHOLDER
Sep. 29, 2023—Robert S. Reder & Kathryn A. Fish | 76 Vand. L. Rev. En Banc 111 (2023) | In City Pension Fund for Firefighters and Police Officers in Mi- ami v. The Trade Desk, Inc., C.A. No. 2021-0560-PAF (Del. Ch. July 29, 2022) (“The Trade Desk”), the Delaware Court of Chancery (“Chancery Court”) examined the approval...
DELAWARE SUPREME COURT REQUIRES STOCKHOLDER VOTE TO APPROVE COMPANY’S TRANSFER OF PLEDGED ASSETS TO SATISFY DEFAULTED DEBT
Sep. 28, 2023—Robert S. Reder | 76 Vand. L. Rev. En Banc 101 | Stream TV Networks, Inc. (“Stream” or the “Company”), a company in difficult financial straits, found itself unable to repay its considerable debt. Repayment of this debt was secured by a pledge of all Company assets to the secured creditors. Facing default and a potential...