The Delaware Court of Chancery Enjoins “Extreme, Unprecedented” Stockholder Rights Plan
March 2021
Publication| Corporate Transactions| Corporate Governance| Mergers & Acquisitions| Special Committees & Investigations
In The Williams Companies Stockholder Litigation, the Delaware Court of Chancery enjoined a stockholder rights plan, having described it as having “an extreme, unprecedented collection of features.” Nevertheless, the opinion does not signal a major shift in Delaware law with respect to the adoption and maintenance of stockholder rights plans.