A recent March 20, 2026 letter decision from the Delaware Court of Chancery in Gary T. Turner v. Lam Research Corporation is a stark illustration of how unforgiving Delaware courts can be when stockholders sit on their rights. For venture-backed companies and their stockholders, the case underscores a simple but critical point: stock ownership rights
In a recent decision, the Court of Chancery of the State of Delaware addressed a dispute at a private Delaware corporation concerning the removal of two officers by the board under a notice of board meeting that the court found misleading. The case underscores the importance of fair notice, board process transparency and the interplay
Among the many challenges companies are facing during the COVID-19 pandemic is how to conduct their shareholder meetings. Current 
social distancing requirements are effectively forcing companies to choose between postponing meetings and conducting them virtually. This requires careful attention to state executive orders, the relevant corporate statute, the company’s certificate of incorporation and by-laws, as