Delaware Senate Panel Advances Bill to Limit Stockholder Litigation Rights

In a key development for Delaware corporate law, legislation aimed at restricting stockholder litigation possibilities advanced to the full Senate. This proposal, which has the potential to limit stockholder lawsuits against state-chartered corporations for fiduciary duty breaches or for access to corporate books and records, progressed after a brief committee hearing that appeared to support the bill’s advocates. For further details, the full article is available at Law360.