The Delaware Court of Chancery Enjoins “Extreme, Unprecedented” Stockholder Rights Plan

March 2021

Publication| Corporate Transactions| Corporate Governance| Mergers & Acquisitions| Special Committees & Investigations

In The Williams Companies Stockholder Litigation, the Delaware Court of Chancery enjoined a stockholder rights plan, having described it as having “an extreme, unprecedented collection of features.” Nevertheless, the opinion does not signal a major shift in Delaware law with respect to the adoption and maintenance of stockholder rights plans.

  • sign up for our newsletter

    To keep our clients and friends updated on the latest legal news, Richards Layton distributes practice area e-alerts and newsletters. If you are interested in receiving these publications, please subscribe below.