The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by
In a ruling Friday, the court concluded that controversial changes to the law had complied with the state’s constitution and didn’t strip power from Delaware Chancery Court — the nation’s premier business-litigation venue — to grant relief if companies breach their fiduciary duty.
The changes represent “a legitimate exercise of the General Assembly’s authority to enact substantive ...