In Potential Test Case of Fee-Shifting Bylaws, Delaware Court Trifurcates Issues, Discovery
December 5, 2014
Bloomberg's Corporate Law & Accountability Report
Types : In the News
Chancellor Andre G. Bouchard has decided to further limit the issues that can be decided first in an ongoing Delaware Chancery Court lawsuit challenging the applicability of a fee-shifting bylaw (Strougo v. Hollander, Del. Ch., C.A. No. 9770-CB, 11/25/2014).
During a Nov. 25 teleconference, he agreed with the plaintiff’s proposal to further limit briefing and discovery in this case to focus first on the more-nuanced arguments regarding the timing of the company’s adoption of the bylaw.
Partner Sidney S. Liebesman comments. For full article visit bna.com.