chevron-down Created with Sketch Beta.


Case Review — Fox and Snap Charter Amendments Cases

Nicholas D Mozal and Rebecca Salko

In a new video series analyzing significant court decisions, Rebecca E. Salko and Nicholas Mozal examine the Delaware Court of Chancery’s ruling in the closely watched case Electrical Workers Pension Fund, Local 103, I.B.E.W. v. Fox Corporation. In Electrical Workers Pension Fund, the Court held that amendments to two corporations’ certificate of incorporations to exculpate officers from monetary liability for breaches of the fiduciary duty of care did not trigger a class vote of stockholders under Section 242(b)(2) of the Delaware General Corporation Law (DGCL). With an insightful discussion that succinctly walks viewers through each step of the case, from the relevant sections of the DGCL to the court’s interpretation of key precedential decisions, Salko and Mozal highlight essential points to understand the implications of the ruling.

For more insightful business law content, top-tier CLE programming, and valuable connections, join the ABA Business Law Section, a global network of more than 30,000 business law professionals.

The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for participating.