Nicholas O'Keefe Offers Insight on Amendments to Delaware Corporation Law
26 July 2024
FT Agenda
Foley & Lardner LLP partner Nicholas O’Keefe offered insight on recent amendments to Delaware corporation law in Agenda, a Financial Times publication.
In the article, “Stockholders Get ‘Unprecedented’ Power over Boards in Delaware Amendments,” O’Keefe said that as a result of the amendments addressing the Moelis decision, Delaware law now permitted the expanded use of stockholder agreements, but minority shareholders could challenge the agreements on fiduciary duty grounds.
He noted this could lead to a reliance on “fiduciary out language so that directors can back out of … agreements if their fiduciary duties are implicated.”
(Subscription required)
People
Related News
14 February 2025
In the News
Brian Wheeler Joins Podcast to Discuss Legal Journey
Foley & Lardner LLP partner Brian Wheeler joined the Hsu Untied podcast to discuss his legal career.
14 February 2025
In the News
Pavan Agarwal Featured in Leadership Q&A – 'Reflecting our firm’s core values drives me to do my best'
Foley & Lardner LLP partner Pavan Agarwal is featured by Law.com for his career journey, legal practice, and leadership in the article, “How I Made Practice Group Chair: ‘Keep Listening and Keep Learning,’ Says Pavan Agarwal of Foley & Lardner.”
14 February 2025
In the News
Judith Waltz on Trump Administration Deregulation Order, Impact on CMS
Foley & Lardner LLP partner Judith Waltz commented on the Trump administration's executive order requiring federal agencies cut ten regulations for each newly created one in the Modern Healthcare article, "CMS may evade Trump's sweeping deregulation order."