A major overhaul of Delaware’s corporate laws, which set the nationwide tone for board battles and merger fights, moved closer Friday to expedited review by the state’s top court.
A judge on its elite business court urged the state’s supreme court justices to take a fast-tracked look at two provisions of state Senate Bill 21, signed by Gov. Matt Meyer (D) in late March after an aggressive six-week rollout. The legislation lowering judge-made guardrails around insider self-dealing divided the state’s tight-knit legal community, with its corporate defense bar pushing the changes and shareholder firms opposed.
Vice Chancellor Lori W. ...
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