Delaware Chancery Court Invalidates Craigslist Poison Pill but Upholds Staggered Board | Practical Law

Delaware Chancery Court Invalidates Craigslist Poison Pill but Upholds Staggered Board | Practical Law

An update on the Delaware Chancery Court's holding that certain defensive measures adopted by Craigslist, including a poison pill, breached the fiduciary duties owed by Craigslist directors and controlling stockholders to its minority stockholders, while upholding the implementation of a staggered board. 

Delaware Chancery Court Invalidates Craigslist Poison Pill but Upholds Staggered Board

by PLC Corporate & Securities
Published on 16 Sep 2010Delaware, USA (National/Federal)
An update on the Delaware Chancery Court's holding that certain defensive measures adopted by Craigslist, including a poison pill, breached the fiduciary duties owed by Craigslist directors and controlling stockholders to its minority stockholders, while upholding the implementation of a staggered board.