“Delaware Corporate Law Amendments Encounter Unprecedented Opposition from Academic Experts”

The proposed changes to Delaware corporate law have faced rare opposition in scenes that defy expectations for legislative amendments of this nature. A noteworthy element in the dissent comes from a group of 50 law professors who sent a letter urging legislators to reconsider the bill. They argue that the questions raised by financial advisory firm Moelis & Company should instead be addressed through an appeal to the Delaware Supreme Court[more].