Del. Ruling Guides On Advance Notice Bylaw Amendments

By Michael Schiffer, Yair Even-Tal and Lauren Fields ( January 17, 2024, 2:32 PM EST) -- In late November 2023, the Delaware Chancery Court denied a preliminary, mandatory injunction motion to compel Ocean Power Technologies Inc. to permit one of its stockholder's nominees to stand for election at the next annual meeting and require the Ocean Power board to grant a waiver to such stockholder from its rights plan.[1]...

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