Corporate

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Delaware Court of Chancery Invalidates Attempt of Majority Stockholder to Appoint Officers
Posted on 10 Aug 2015 by Francis G.X. Pileggi

In Gorman v. Salamone, C.A. No. 10183-VCN (Del. Ch. July 31, 2015), the Court of Chancery affirms the board-centric foundation of Delaware corporate law, and describes the limitation on the ability of a majority stockholder to appoint officers directly–even... Read More