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Delaware Supreme Court Reverses Court Of Chancery In Moelis Stockholder-Agreement Dispute
The Court reversed the invalidation of Moelis & Co.'s stockholder‑agreement provisions: The Supreme Court held that the Court of Chancery erred in concluding that governance provisions requiring the founder's consent before the company's board took various actions were void and could be challenged at any time as an ongoing statutory violation.
Akin Gump Strauss Hauer & Feld LLP