A bill that would prevent corporations from enacting bylaws that would shift legal fees onto activist shareholders in failed suits was reintroduced last week in the Delaware Senate.
May 06, 2015 at 12:00 AM
1 minute read
A bill that would prevent corporations from enacting bylaws that would shift legal fees onto activist shareholders in failed suits was reintroduced last week in the Delaware Senate.
SB 75, whose prime sponsor is state Sen. Bryan Townsend, D-Newark, is designed to reverse a decision of the state Supreme Court that opened the door for corporations to include “loser pays” provisions in their bylaws.
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