United States: Delaware Chancery's Moelis II Decision Provides Cautionary Tale For Boards And Activists - Akin Gump Strauss Hauer & Feld LLP

In West Palm Beach Firefighters' Pension Fund v. Moelis & Co., No. 2023-0309-JTL (Del. Ch. Feb. 23, 2024) ("Moelis II"), the Delaware Court of Chancery held that a number of provisions...