William B. Monahan

Sullivan & Cromwell discusses Delaware Legislation Saying No to “Loser-Pays” Fee-Shifting Bylaws But Yes to Forum-Selection Bylaws for Stock Corporations

By , , , , and by

On May 12 and June 11, 2015, the Delaware Senate and House of Representatives, respectively, passed a bill (the “Bill”)[1] that would amend Title 8 of the Delaware General Corporation Law (“DGCL”) to prohibit Delaware stock corporations from including …

Investigating Shareholder Derivative Claims: The Importance of Independent Counsel

By and by

A shareholder typically brings a derivative suit on behalf of a corporation against the company’s current or former officers or directors in one of two contexts:  either after the shareholder has demanded that the board cause the company to bring …

Editor's Tweet |
Editor's Tweet: S&C's Bill Monahan and Adam Magid discuss the importance of independent counsel in investigating shareholder derivative claims