You Won't Find This "Bedrock" Delaware Doctrine In California Case Law (At Least Not Yet)
By EsqSocial Corporation 09/06/21
In Orzeck v. Englehart, 195 A.2d 375 (Del. 1963), the Delaware Supreme Court adopted what the Court of Chancery subsequently described as a "bedrock" doctrine of Delaware corporate law - the "Doctrine of Independent Legal Significance". Warner Communications Inc. v. Chris-Craft Indus., Inc., 583 A.2d 962, 970 (Del. Ch.), aff’d, 567 A.2d 419 (Del. 1989). The Delaware high court defined the doctrine as being applied as follows......
By: Allen Matkins