Tag: TOWNSEND
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Delaware Proposes Bill to Limit Investor Lawsuits Amid Corporate Exodus Threats
Delaware lawmakers proposed a bill to limit shareholder lawsuits amid concerns over corporate relocations. The changes aim to protect directors and controlling shareholders while restricting access to internal records. Reportedly, referenced companies considering this move include Meta Platforms and Dropbox, driving the legislative response. Corporate law experts warn these amendments could reduce the success of…
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Delaware Proposes Bill to Limit Shareholder Lawsuits Amid Corporate Migration Threats
Delaware lawmakers proposed a bill to restrict shareholder lawsuits as companies like Meta and Dropbox consider leaving the state. According to Senator Bryan Townsend, the bill aims to protect corporate boards from litigation and limit shareholder access to internal records. Critics, including Ann Lipton, argue this could make shareholder litigation less effective. Key Highlights –…