• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

McCarter & English Logo

  • People
  • Services
  • Insights
  • Our Firm
    • Leadership Team
    • Social Justice
    • Diversity, Equity & Inclusion
    • Pro Bono
    • Client Service Values
    • Alumni
  • Join Us
    • Lawyers
    • Summer Associates
    • Patent Professionals
    • Professional Staff
    • Job Openings
  • Locations
    • Boston
    • Philadelphia
    • East Brunswick
    • Indianapolis
    • Stamford
    • Hartford
    • Trenton
    • Miami
    • Washington, DC
    • New York
    • Wilmington
    • Newark
  • Share

Share

Browse Alphabetically:

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • All
Bankruptcy, Restructuring & Litigation
Blockchain, Smart Contracts & Digital Currencies
Business Litigation
Cannabis
Coronavirus Resource Center
Corporate
Crisis Management
Cybersecurity & Data Privacy
Delaware Corporate, LLC & Partnership Law
Design, Fashion & Luxury
E-Discovery & Records Management
Energy & Utilities
Environment & Energy
Financial Institutions
Food & Beverage
Government Affairs
Government Contracts & Global Trade
Government Investigations & White Collar Defense
Healthcare
Hospitality
Immigration
Impact Investing
Insurance Recovery, Litigation & Counseling
Intellectual Property
Labor & Employment
Life Sciences
Manufacturing
Products Liability, Mass Torts & Consumer Class Actions
Public Finance
Real Estate
Renewable Energy
Sports & Entertainment
Tax & Employee Benefits
Technology Transactions
Transportation, Logistics & Supply Chain Management
Trusts, Estates & Private Clients
Venture Capital & Emerging Growth Companies
  • Broadcasts
  • Events
  • News
  • Publications
  • View All Insights
Search By:
Insights News Courthouse Columns
Main image for Del. Justices Reverse Stockholder Snub in 3D-TV Co. Row
News

Del. Justices Reverse Stockholder Snub in 3D-TV Co. Row

Law360

6.16.2022

The Delaware Supreme Court vacated a Chancery Court ruling that a common law “insolvency exception” to state corporation law eliminates a requirement for a stockholder vote before directors can transfer the company’s assets.

The unanimous decision by the five-member court removed an injunction approved by Vice Chancellor J. Travis Laster in December 2020 barring 3-D television tech venture Stream TV Networks Inc. from interfering in the company’s turnover without a stockholder vote to a creditor-controlled venture, SeeCubic Inc.

In a comment after release of the decision, Andrew Dupre of McCarter & English LLP, counsel to Stream TV, said: “Today, the Delaware Supreme Court unanimously rejected the Court of Chancery’s prior, novel opinion that shareholders lose their charter and statutory voting rights upon an insolvency event. To the contrary, both Stream TV’s charter specifically and Delaware corporation law generally guarantee the right of shareholders to vote to block a transfer of substantially all of the corporation’s assets.”

The state’s justices, Dupre said, “cleared away a cloud on the class voting rights embodied in tens of thousands of Delaware corporate charters today, and reaffirmed that Delaware will enforce the shareholder franchise.”

Stream TV Networks is represented by Andrew S. Dupre, Steven P. Wood, Brian R. Lemon, Stephanie H. Dallaire and Sarah E. Delia.

More Information (subscription required)

sidebar

pdfemail

Related People

Media item: Andrew S. Dupre
Andrew S. Dupre

Partner

Media item: Steven P. Wood
Steven P. Wood

Partner

Media item: Brian R. Lemon
Brian R. Lemon

Partner

Media item: Stephanie H. Dallaire
Stephanie H. Dallaire

Associate

Media item: Sarah E. Delia
Sarah E. Delia

Partner

Related Services

Business Litigation
Delaware Corporate, LLC & Partnership Law
Subscribe to our Insights
McCarter & English, LLP
Copyright © 2023 McCarter & English, LLP. All Rights Reserved.
  • Login
  • Attorney Advertising
  • Privacy
  • Awards Methodology
  • Contact
  • Subscribe
  • Sitemap

The McCarter & English, LLP website is for informational purposes only. We do not provide legal advice on this website. We can provide legal advice only to our clients in specific inquiries that they address to us. If you are interested in becoming a client, please contact us, but do not send any information about your specific legal question. We cannot serve as your lawyers until we establish an attorney-client relationship, which can occur only after we follow procedures within our firm and after we agree to the terms of the representation.

Accept Cancel