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Decisions of the Delaware Court of Chancery on corporate governance, fiduciary duties and stockholder litigation.

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Business judgment rule applies: Chancery upholds dual-class recapitalization after committee and minority vote

The court dismissed a stockholder class action, finding the founder's high-vote shares were approved through a process that satisfied both MFW and the 2025 statutory safe harbor.

In re Tessaro Holdings Stockholder Litigation · C.A. No. 2025-0411

By Rebecca Lindqvist, Corporate and bankruptcy correspondent

5 min read

Delaware

Latest in Delaware

Business judgment rule applies: Chancery upholds dual-class recapitalization after committee and minority vote

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