Corporations

Story 1 – Oversight Third Circuit Affirms $2.25 million jury verdict against directors of a nonprofit nursing home for breaching their duty of care In January 2015, the Third Circuit Court of Appeals affirmed a $2.25 million jury verdict against the directors of a Pittsburgh-area nonprofit nursing home, concluding a multi-year litigation. See In re […]

Delaware has a separate court for the resolution of business disputes, the Court of Chancery, and appoints judges who are selected for qualifications. Even when judges change upon resignation or expiration of their 12 year term, it is not based on favoritism or a history of their decisions. Judges in Delaware make reasoned, non-political decisions. […]

Delaware takes pride in being the leading state for business entity law. One of the advantages of Delaware is its responsive filing system, including Delaware’s team of state employees and network of commercial agents.  Through DCIS, commercial agents located in Delaware who enter access contracts, complete training and pay access fees are able to incorporate […]

Before the stock split was unveiled, a few preparations had to be made in the boardroom and with their corporate legal counsel. Google’s attorneys had to file an Amendment to its Certificate of Incorporation with the state of Delaware changing the number of shares it was authorized to issue. (See image below of the original […]

Recently at the registered agent quarterly meeting, the Secretary of State announced to Delaware Incorporation Agents it does not allow the word “marijuana” in the name of businesses formed in the state. Delaware informed the agent community that the word “marijuana” would only be acceptable with the word “medicinal” next to it. Their rationale was […]