Delaware Court Confirms Charter Language Does Not Apply to Corporate Conversion

In a recent legal development, Vice Chancellor Paul A. Fioravanti Jr. issued an opinion concerning a digital media company’s charter, concluding that language within one section does not apply to corporate conversions. This decision aligns with established Delaware precedent and represents a favorable outcome for legal representatives, namely the teams from Wilson Sonsini Goodrich & Rosati and Latham & Watkins. For more details, the opinion and its context are discussed here.