Chancery Invokes the Implied Covenant to Invalidate Shareholder Rights Plan
By EsqSocial Corporation 26/04/24
Whitestone REIT Operating Partnership L.P. v. Pillarstone Capital REIT, C.A. No. 2022-0607-LWW (Del. Ch. Jan. 25, 2024) - In Delaware, the implied covenant of good faith and fair dealing is inherent in all contracts and ensures that the “fruits of the bargain” are not frustrated by arbitrary or unreasonable action....
By: Morris James LLP