Recent Developments in Delaware Law: Rutledge v. Clearway Energy Group LLC; SB 21, and DGCL 144
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Recent Developments in Delaware Law: Rutledge v. Clearway Energy Group LLC; SB 21, and DGCL 144
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SB 21 amended Delaware General Corporation Law (DGCL) § 144 (conflicted transactions) and § 220 (books and records) to restore predictability and reduce litigation risk in transactions involving interested directors, officers, and controlling stockholders. A recent DE Supreme Court case ruled on the constitutionality of the law.
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