Delaware Chancery Court Clarifies Mandatory Redemption Rights of Preferred Stockholders | Practical Law

Delaware Chancery Court Clarifies Mandatory Redemption Rights of Preferred Stockholders | Practical Law

An update on the Delaware Court of Chancery's opinion limiting preferred stockholders' rights to force a mandatory redemption when the company's board of directors determines that it does not have the available cash to make a redemption and continue as a going concern.

Delaware Chancery Court Clarifies Mandatory Redemption Rights of Preferred Stockholders

by PLC Corporate & Securities
Published on 17 Nov 2010 • Delaware, USA (National/Federal)
An update on the Delaware Court of Chancery's opinion limiting preferred stockholders' rights to force a mandatory redemption when the company's board of directors determines that it does not have the available cash to make a redemption and continue as a going concern.