Securities Law (@securitieslaw.bsky.social)

Delaware Court of Chancery Rescinds Stock Cancellation and Stock Repurchase Agreements for Board of Directors’ Failure to Adhere to Corporate Formalities

loading . . .

Delaware Court of Chancery Rescinds Stock Cancellation and Stock Repurchase Agreements for Board of Directors’ Failure to Adhere to Corporate Formalities In Foley v. Session Corp., the Delaware Court of Chancery rescinded a stock cancellation agreement (SCA) and stock repurchase agreement (SPA)... https://www.jdsupra.com/legalnews/delaware-court-of-chancery-rescinds-9193921/