Election of Directors

The <i>Axcelis</i> decision demonstrates the continued reluctance of Delaware courts to allow plaintiffs to utilize DGCL ' 220 as a means to troll for lawsuits against corporations.

22 minute read December 18, 2009 at 08:18 AM

Robert S. Reder and

Matthew A. Thiel

Plurality voting continues to be the default provision under the Delaware General Corporation Law (“DGCL”) for corporations whose charter documents do not specify the percentage of votes required for the election of directors.

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