Compliance » Delaware Law Invalidates Fee-Shifting

Delaware Law Invalidates Fee-Shifting

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July 6, 2015

Delaware has passed a law that invalidates fee-shifting provisions in connection with internal corporate claims for corporations chartered in the state. The fee-shifting and forum selection provisions the law addresses include derivative claims based on a violation of duty by current or former directors or officers or controlling stockholders of the corporation, or persons who aid and abet those breaches.

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