Delaware Transactional Law Updates

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If You Want to Provide Former Corporate Officials with the Right to be Advanced Expenses, Provide for it in the Corporation’s Certificate of Incorporation or Bylaws

Charney v. American Apparel, Inc., C.A. No. 11098-CB (September 11, 2015) Lieberman v. Electrolytic Ozone Inc., C.A. No. 10152-VCN (August 31, 2015) The Court of Chancery denied advancement to former officers and directors of two Delaware corporations.  These cases...