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Chancery Says DGCL 'Donut Hole' Dooms Governance Deal

By Jeff Montgomery ( July 25, 2024, 5:02 PM EDT) -- A "donut hole" baked into a rushed Delaware General Corporation Law amendment by state lawmakers earlier this year has tripped up most governance concessions that information technology company N-able Inc. granted to its lead investors, a Delaware vice chancellor ruled on Thursday....

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