Del. Justices Probe Validity Of Advance Notice Bylaws

By Leslie A. Pappas (April 10, 2024, 9:09 PM EDT) -- The appeal of a Delaware Chancery Court decision voiding a biopharmaceutical company's "onerous" advance notice requirements for director nominations while upholding the rejection of an activist shareholder's nominees boiled down to one basic legal question at Delaware's Supreme Court Wednesday: Is this a facial or an as-applied challenge?...

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