DECALS -- Delaware Corporate and Legal Services

The Delaware Corporate and Legal Services Blog

DECALS keeps the international legal and business communities current on Delaware Corporate Law and related matters. Subscribe here to receive updates from the Delaware Department of State.


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In re KKR Financial Holdings LLC Shareholder Litigation


The Court of Chancery rejects controlling-stockholder allegations and dismisses a merger case under the business judgment rule.

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Delaware Corporate Law Essentials: The Business Judgment Rule


Under the business judgment rule, a disinterested and independent board is presumed to have acted on an informed basis, in good faith and in the honest belief that the decision was in the best interest of the corporation and its stockholders.

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Delaware Judiciary and Legal Community Convene to Discuss Recent Developments in Delaware Corporate Law and Governance Issues Critical to Board Advisors


Members of Delaware’s distinguished judiciary and other thought leaders in corporate law and governance will discuss recent developments in Delaware case law and related governance issues at the second annual Delaware Law Issues Update conference on November 19 and 20 at the University of Delaware. The conference provides the international legal and business community with a unique window on the issues faced by directors of Delaware corporations.

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James T. Vaughn Nominated to Supreme Court of Delaware


Delaware Governor Jack Markell has nominated Superior Court judge James T. Vaughn to serve on the Delaware Supreme Court.

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Court of Chancery Finds Breach of Fiduciary Duty in Private Company Recapitalization Based on Inadequate Process, Despite Fair Price


Delaware’s Court of Chancery recently ruled that a control group of stockholders and their director designees breached their fiduciary duties in approving a recapitalization because the recapitalization was the result of an unfair process, even though it was accomplished at a fair price.

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*The views expressed in these articles are solely those of the authors and should not be attributed to the authors’ firms, clients, places of employment, or employers, or to the Delaware Department of State or the State of Delaware, nor do they necessarily represent positions that the authors’ law firms or employers might assert in litigation on behalf of clients unless an article specifically so states. While the articles are intended to accurately describe certain areas of the law, they are not intended to be and should not be construed as legal advice. If legal advice or other professional assistance is required, the services of a competent professional person should be sought.