Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email Despite being one of the more well-known doctrines in corporate law, the rule articulated in Blasius—that directors who act with the primary purpose of interfering with a stockholder vote must have a compelling justification for their conduct—has received little attention from the Delaware Supreme Court. Delaware’s highest court has not mentioned the Blasius test in over a decade and has not held that a board’s conduct triggered the Blasius test since 2003. https://www.cadwalader.com/resources/clients-friends-memos/blasius-is-alive-and-well-in-delaware-delaware-supreme-court-chides-chancery-for-turning-away-stockholders-claims