Foley & Lardner LLP partner Louis Lehot commented in the Bloomberg Law article, “Moelis Arguments Threaten Founder Rights in Top Business Court.”
Lehot said that over the last two years, Delaware lawmakers have responded properly to address judicial intervention in decision making by corporate stakeholders.
It’s “absolutely relevant and necessary” for the Delaware state supreme court to do the same, he continued.
“There’s a nagging doubt that the judges in the Delaware Chancery Court are going beyond the four corners of the law to impose their own concepts of fairness and justice that go beyond the statute,” Lehot added.
(Subscription required)
People
Related News
May 28, 2025
In the News
Cliff Risman Featured on Hospitality Trends – Transactions at 'almost historic levels'
Foley & Lardner LLP partner Cliff Risman is featured in the Law360 Q&A, "Foley Hospitality Leader Talks Deals In Economic Uncertainty."
May 27, 2025
In the News
Kyle Faget Profiled on Health Care Evolution – 'Only just beginning to see what's possible'
Foley & Lardner LLP partner Kyle Faget is profiled by The Inspirational Leaders for her achievements and vision in health care law.
May 27, 2025
In the News
Foley's Silicon Valley Corporate Additions Featured in Legal Press
Foley & Lardner LLP partners Gurpreet Bal and Shaalu Mehra are highlighted in legal press for their recent arrival to the firm.