Delaware Court of Chancery Upholds Selectica's NOL Poison Pill | Practical Law

Delaware Court of Chancery Upholds Selectica's NOL Poison Pill | Practical Law

An update on the Delaware Court of Chancery's holding that Selectica's adoption and activation of its NOL poison pill and the adoption of a reset poison pill were valid exercises of the business judgment of its board of directors.

Delaware Court of Chancery Upholds Selectica's NOL Poison Pill

Practical Law Legal Update 1-501-6123 (Approx. 6 pages)

Delaware Court of Chancery Upholds Selectica's NOL Poison Pill

by PLC Corporate & Securities
Published on 02 Mar 2010 • Delaware, USA (National/Federal)
An update on the Delaware Court of Chancery's holding that Selectica's adoption and activation of its NOL poison pill and the adoption of a reset poison pill were valid exercises of the business judgment of its board of directors.