Bloomberg Law
March 20, 2023, 9:02 AM

This Week in Chancery Court: Fox, Snap, and Officer Immunity

Jennifer Kay
Jennifer Kay
Staff Correspondent

Fox Corp. and Snap Inc. quickly moved to amend their charters after Delaware lawmakers authorized companies to extend liability shields to corporate officers. Whether they violated state shareholder approval requirements for those changes is now before Delaware’s Chancery Court.

Here’s a look at the court’s calendar this week:

Monday: In re Snap Inc. Section 242 Litigation, Del. Ch., No. 2022-1032, oral arguments 3/20/23; Electrical Workers Pension Fund Local 103 I.B.E.W. v. Fox Corp., Del Ch., No. 2022-1007, oral arguments 3/20/23.

At issue: Vice Chancellor J. Travis Laster will consider separate lawsuits challenging changes to Snap and Fox’s charters ...

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