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
likely to become even more complicated as a result of Mr. Musk’s filings with the Commission to report his recent purchases of shares in Twitter, Inc.