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Recipient of Void Stock Issuance Lacks 220 Standing, Chancery Rules
Inclusion on a company's stock ledger, by itself, does not give a plaintiff standing to sue for books-and-records access, the Court of Chancery ruled last week.Del. Supreme Court Blasts 'Super-Director' Analysis
The Delaware Supreme Court last week affirmed the result but disavowed the reasoning of the Court of Chancery's dismissal of a $50 million claim by OptimisCorp's chief executive in a fiduciary duties suit, saying a judge's analysis of the plaintiff's argument clouded an issue of growing importance in state courts.Trending Stories
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