In Solak v. Sarowitz, C.A.No.12299-CB (Dec.27, 2016), the Delaware Court of Chancery held that a corporate bylaw ran afoul of 8 Del.
DE Chancery Court Strikes Down Fee-Shifting Bylaw
In <i>Solak v. Sarowitz</i>, the Delaware Court of Chancery held that a corporate bylaw ran afoul of 8 Del. C. Section 109(b), as recently amended, where it purported to shift attorney fees and expenses to an unsuccessful stockholder that filed an internal corporate claim outside of the state of Delaware.
By
Gary W. Lipkin, Alexandra Rogin and Justin M. Forcier
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