Harvard Law School Forum on Corporate Governance Publishes “Delaware Court of Chancery Enjoins Annual Meeting in Defense of Stockholder Franchise” Client Alert

Harvard Law School Forum on Corporate Governance, the top online resource for discourse on corporate governance, recently published an article authored by Co-Chair of the firm’s Shareholder Activism practice Andrew Freedman, Chair of Olshan’s Litigation Practice Group Lori-Marks-Esterman, Corporate Partner Kenneth Silverman, and Associates Jacqueline Ma and Matthew Traylor entitled “Delaware Court of Chancery Enjoins Annual Meeting in Defense of Stockholder Franchise”. The article discusses the recent unusual decision of the Delaware Court of Chancery to preliminarily enjoin an annual meeting at a corporation in the middle of a highly contentious proxy contest. The article details the ruling and is a timely reminder of the Delaware Chancery Court’s special role in defending the free exercise of the stockholder franchise.