Delaware Supreme Court Upholds Selectica Decision | Practical Law

Delaware Supreme Court Upholds Selectica Decision | Practical Law

An update on the Delaware Supreme Court's opinion affirming the Chancery Court's decision 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 Supreme Court Upholds Selectica Decision

Practical Law Legal Update 2-503-5164 (Approx. 3 pages)

Delaware Supreme Court Upholds Selectica Decision

by PLC Corporate & Securities
Published on 04 Oct 2010Delaware, USA (National/Federal)
An update on the Delaware Supreme Court's opinion affirming the Chancery Court's decision 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.