Main Content

Content from the following sources has been used in the creation of this casebook:

    • 1: Building Your Business Vocabulary original
    • 2: The Delaware General Corporation Law original
    • 2.1: Introduction to the Delaware Corporations Law original
    • 2.2: Formation original
    • 2.2.1: The beginnings of incorporation original
    • 2.2.2: DGCL Sec. 101 - Formation original
    • 2.2.3: DGCL Sec. 102 - Contents of Certificate of Incorporation original
    • 2.2.5: DGCL Sec. 103 - Filing requirements original
    • 2.2.6: Amendment of Certificate of Incorporation original
    • 2.2.6.2: DGCL Sec. 245 - Restating the Certificate original
    • 2.2.7: DGCL Sec. 107 - Powers of Incorporators original
    • 2.2.8: DGCL Sec. 108 - Organization Meeting original
    • 2.2.9: Doctrine of Preincorporation Adoption original
    • 2.2.10: Piercing the Corporate Veil original
    • 2.2.10.1: Walkovszky v. Carlton original
    • 2.2.10.4: First Amendment, the Corporation, and "Reverse Veil Piercing" original
    • 2.3: Corporate Powers original
    • 2.3.1: DGCL Sec. 121 - General Powers original
    • 2.3.2: DGCL Sec. 122 - Specific Powers original
    • 2.3.3: THEODORA HOLDING CORP. v. HENDERSON original
    • 2.3.4: DGCL Sec. 123 - Ownership of securities original
    • 2.3.5: Public Benefit Corporations original
    • 2.4: Bylaws original
    • 2.4.1: DGCL Sec. 109 original
    • 2.4.3: Proxy Access and Expense Bylaws original
    • 2.4.3.1: DGCL Sec. 112 - Proxy Access Bylaw original
    • 2.4.3.2: DGCL Sec. 113 - Proxy Expense Bylaw original
    • 2.5: Board of Directors original
    • 2.5.1: DGCL Sec. 141 - Board of directors original
    • 2.5.3: DGCL Sec. 214 - Cumulative voting option for directors original
    • 2.5.4: The Nature of the Board of Directors original
    • 2.5.6: Aronson v. Lewis original
    • 2.5.8: DGCL Sec. 145 - Indemnification original
    • 2.6: Stock and Dividends original
    • 2.6.1: DGCL Sec. 151 - Classes and series of stock original
    • 2.6.2: DGCL Sec. 157 - Rights and options original
    • 2.6.3: DGCL Sec. 160 - Corporate ownership of its own stock original
    • 2.6.4: DGCL Sec. 161 - Issuance of stock original
    • 2.6.5: DGCL Sec. 170 - Dividends original
    • 2.6.6: DGCL Sec. 202 - Restrictions on transfer of stock original
    • 2.6.7: DGCL Sec. 203 - State anti-takeover legislation original
    • 2.7: Stockholder Meetings and Voting for Directors original
    • 2.7.1: DGCL Sec. 211 - Stockholder meetings original
    • 2.7.2: DGCL. Sec. 228 - Action by written consent original
    • 2.7.3: DGCL Sec. 212 - Stockholder voting rights original
    • 2.7.4: Stock with Multiple Voting Classes original
    • 2.7.5: DGCL Sec. 213 - Record dates original
    • 2.7.6: DGCL Sec. 222 - Notice of meetings original
    • 2.7.7: DGCL Sec. 216 - Quorum and required votes original
    • 2.7.8: Who Gets to Vote and Lists of Record Shareholders original
    • 2.7.8.1: DGCL Sec. 219 - Stockholder lists original
    • 2.7.8.2: IN RE APPRAISAL OF DELL INC. original
    • 2.7.9: Shareholder Proposals original
    • 2.7.9.1: 14a-8 Shareholder Proposals original
    • 2.7.9.2: LOVENHEIM v. IROQUOIS BRANDS, LTD. original
    • 2.7.9.3: Say on Pay Vote [Frank-Dodd, Sec 951] original
    • 3: Stockholder Litigation original
    • 3.1: Direct and Derivative Suits original
    • 3.1.1: Historical Development of Derivative Litigation original
    • 3.1.2: Delaware long arm statute original
    • 3.1.3: DGCL ยง 321 - Service of process original
    • 3.1.4: DGCL Sec. 327 - Derivative actions original
    • 3.1.5: Delaware Rules of Civil Procedure, Rule 23.1 original
    • 3.1.8: Gentile v. Rossette original
    • 3.2: Demand and Demand Futility original
    • 3.2.4: Aronson v. Lewis original
    • 3.3: Special Litigation Committees original
    • 3.4: 220 Actions and Tools at Hand original
    • 3.4.1: DGCL Sec. 220 - Inspection of books and records original
    • 4: Fiduciary Duties of Directors original
    • 4.1: Standards of Conduct and Standards of Review original
    • 4.2: Duty of Care original
    • 4.2.2: Section 102(b)(7) original
    • 4.3: Duty of Loyalty original
    • 4.3.2: Entire Fairness original
    • 4.3.2.3: Sinclair Oil Corp. v. Levien original
    • 4.3.3: Sec. 144 Safe Harbor and Interested Director Transactions original
    • 4.3.3.1: DGCL Sec. 144 original
    • 4.3.4: Stockholder Ratification Doctrine original
    • 4.3.4.1: Corwin v. KKR Financial Co. original
    • 4.3.4.2: Contours of Section 144 and Stockholder Ratification original
    • 4.3.5: Corporate Opportunity Doctrine original
    • 4.3.6: Duty of Good Faith original
    • 4.3.6.1: Oversight Claims original
    • 4.3.7: Violations of the law and the duty of loyalty original
    • 4.3.8: Duty of Candor original
    • 4.3.8.1: In Re Wayport Inc. Litigation original
    • 5: Corporate Waste original
    • 6: Insider Trading original
    • 6.1: State-based liability original
    • 6.2: Federal-based liability original
    • 6.2.1: Rule 10b-5 original
    • 6.2.3: Tipper/Tippee Liability original
    • 6.2.3.3: A note on US v Newman original
    • 6.2.3.4: Rule 10b5-2 Duties of trust or confidence original
    • 6.2.4: Misappropriation Theory original
    • 6.2.4.1: Carpenter v. United States original
    • 7: Takeovers original
    • 7.1: Statutory Mergers original
    • 7.1.1: DGCL Sec 251 original
    • 7.2: Board Obligations in the Takeover Context original
    • 8: Appendix: Corporate Documents original
    • 8.1: Restated Articles of Incorporation of Green Bay Packers, Inc. original
    • 8.2: Facebook, Inc. Restated Certificate of Incorporation original