In a thorough 52-page report issued on March 6, 2026, Magistrate Wright of the Court of Chancery resolved cross-motions for summary judgment in Manche v. MVMT Labs, Inc., C.A. No. 2025-1407-CDW, granting advancement to a corporation’s co-founder who incurred legal fees in connection with a federal investigation into the corporation’s cryptocurrency activities. The
What Makes Business Dispute Mediations Succeed in Delaware
I have spent the better part of my career litigating business disputes in the Delaware Court of Chancery, the Delaware Superior Court, and the United States Bankruptcy Court for the District of Delaware. Over the course of that work, one of the things I have come to appreciate most is the mediation process.
As a
Delaware Courts Reject Novel Attempt to Avoid Reasonableness Review of Restrictive Covenants
In a pair of decisions from the Delaware Court of Chancery and the Delaware Supreme Court, Vice Chancellor Morgan T. Zurn and the Supreme Court en banc rejected a creative but ultimately unsuccessful attempt to circumvent the reasonableness requirement for restrictive covenants.
What struck me most about Vice Chancellor Zurn’s opinion is how it applies
Delaware Courts in 2025: A Year of Course Correction
Major Decisions and Legislative Reforms Shape Corporate Governance
If 2024 was the year Delaware’s corporate law establishment got nervous, 2025 was the year it fought back. And fought back hard.
For those of us who follow Delaware corporate law closely, the past year has been nothing short of remarkable. What began with hand-wringing over the
Delaware’s New DGCL Section 220 Amendments: Transforming Books and Records Access
The recent amendments to Section 220 of the Delaware General Corporation Law (DGCL) are, in a word, significant. These amendments fundamentally shift how stockholders can access corporate books and records. The changes, which came through Senate Bill 21 enacted on March 25, 2025, attempt to strike a balance between stockholder rights and corporate efficiency—but
Delaware Court Blocks Stockholder’s Attempt to Use Appraisal Rights as a Section 220 Workaround
In a noteworthy decision from the Delaware Court of Chancery, Vice Chancellor Morgan T. Zurn dismissed a stockholder’s attempt to use an appraisal petition as an alternative method to obtain corporate books and records.
What struck me most about this opinion is the court’s thorough analysis of the statutory distinctions between Sections 220 and 262.
Valuation Victory for Insurance Broker: Delaware Court Awards $416K in Partnership Dispute
I just read an interesting Delaware Court of Chancery decision in Walker v. FRP Investors GP. This is a post-trial opinion from Vice Chancellor Zurn that offers some interesting insights into Delaware partnership agreements and valuation disputes.
The case involves Cornelius “Cory” Walker, who helped build an insurance brokerage company that entered a lucrative
Chancery Grants Conditional Stay of Delaware Books and Records Appeal
I’ve been following this case closely, and I think the Court of Chancery’s ruling offers a perfect illustration of Delaware’s pragmatic approach to books and records disputes. In a recent decision, the Delaware Court of Chancery addressed the standards for staying a books and records production order pending appeal. Vice Chancellor David’s opinion in Bruch
From First Check to IPO: How Founder Protection Strategies Should Evolve Through Company Stages
If there’s one thing I’ve learned from years of working with founders, it’s that protecting your position isn’t a one-and-done deal. The mechanisms that keep you safely in the driver’s seat during your seed round might be woefully inadequate by the time you’re raising a Series C. Let me walk you through how founder protection
Safeguarding Vision: The Critical Importance of Founder Protection Clauses
I’ve seen it happen time and again in the high-stakes world of venture capital and startup growth—brilliant founders suddenly finding themselves pushed to the sidelines of their own companies. One minute you’re the visionary CEO, the next you’re being shown the door by the very investors you brought in. As funding rounds pile up and