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Barry M. Klayman and Mark E. Felger Barry M. Klayman and Mark E. Felger

The recent decision by Vice Chancellor Sam Glasscock in Manti Holdings v. Authentix Acquisition, C.A. No. 2017-0887-SG (Del. Ch. Aug. 14, 2019), is noteworthy for two reasons: first, the vice chancellor’s comments regarding the utility of motions for reargument, and second, his holding in a case of first impression that the Delaware General Corporation Law does not prohibit sophisticated owners of a corporation from agreeing to bind themselves to a future sale and waive in advance their statutory appraisal rights.

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