Delaware LLCs - "I See Trouble On the Way"
By EsqSocial Corporation 09/04/25
Delaware had barely birthed changes to Section 144 of its General Corporation Law when the Plumbers & Fitters Local 295 Pension Fund filed a complaint challenging those changes. The plaintiff seeks a declaration that the amendments to Section 144 are unconstitutional under the Delaware constitution. The named defendants are Dropbox, Inc. and its directors. Dropbox reincorporated from Delaware to Nevada on March 5 of this year, 20 days before Delaware Governor Matt Meyer signed the amendments...
By: Allen Matkins