FILE - A person stands in front of a Meta sign outside of the company's headquarters in Menlo Park, Calif., March 7, 2023. A Delaware judge on Tuesday, April 30, 2024, dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media giant.
Laster noted that, under the “standard Delaware formulation” of corporate law, directors of a corporation owe duties to the stockholders as investors in that corporation. While Delaware law requires corporate directors to act in the best interests of their stockholders, including maximizing the value of their shares, attorneys for McRitchie argued that Delaware courts should recognize a “portfolio theory” of corporate governance that takes into account external factors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: ksatnews - 🏆 442. / 53 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaDOVER, Del. (AP) — A Delaware judge on Tuesday granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of
Source: Mynorthwest - 🏆 438. / 53 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: wjxt4 - 🏆 246. / 63 Read more »
Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump MediaA Delaware judge has granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a merger-related lawsuit filed by two cofounders of the company.
Source: AP - 🏆 728. / 51 Read more »
Tesla shareholder asks judge to keep company in DelawareThe Tesla shareholder who blocked CEO Elon Musk's massive pay package has asked a Delaware judge to bar the company from reincorporating in Texas.
Source: WashTimes - 🏆 235. / 63 Read more »