LexisNexis® Legal Newsroom
Delaware Requires Annual Shareholder Meeting Regardless of SEC Prerequisites

Rich v. Fuqi Int'l, Inc., C.A. No. 5653-VCG (Del. Ch. Nov. 5, 2012). Why this opinion is noteworthy : The Delaware Court of Chancery reaffirms in this pithy opinion that the Delaware General Corporation Law's requirement in Section 211 that a shareholders' meeting must be held annually...

Delaware Supreme Court Upholds Chancery Decision but Rejects Dicta on Default Fiduciary Duties in LLCs

Gatz Properties LLC v. Auriga Capital Corp. , No. 148, 2012 (Del. Supr. Nov. 7, 2012) (Per Curiam). Issue Addressed Delaware's High Court held that the manager of an LLC violated a contracted-for fiduciary duty that adopted the equitable standard of entire fairness in a conflict of interest...