WebThe Delaware Court of Chancery recently refused most of B. Riley Financial, Inc.’s motion to dismiss an ex-officer and director’s complaint for indemnification for his settlement of underlying breach-of-duty and fraud charges against him and companies he had founded and later sold to Riley in Wunderlich v. B. Riley Financial, Inc., et al., WebMar 31, 2013 · WHEREAS, the Delaware General Corporation Law, ... In the event that the indemnification rights contained in Sections 2, 3 or 4 of this Agreement are unavailable or insufficient to hold Officer harmless in a Proceeding described therein for any reason whatsoever (other than Officer failing to meet the applicable requirements of such …
INDEMNIFICATION AGREEMENT ARC DOCUMENT SOLUTIONS, …
WebHow to Start a Delaware Corporation. 1. Choose a Name. Choose a unique corporate name that is not registered with the Delaware Secretary of State. The name must … WebOct 4, 2024 · The amendments change specific but important elements of Delaware corporations’ internal governance, including, among other things, waiving officers’ fiduciary liability in some cases, stockholder cash-out rights (appraisal rights) in corporation conversions to a new entity, among other things. trenton illinois city hall
8 Delaware Code § 145 (2024) - Indemnification of …
Web(a) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or … WebC. While the Company maintains directors’ and officers’ liability insurance (“D&O insurance”) for the benefit of its directors, as permitted by the Delaware General Corporation Law (“DGCL”), the Company’s Restated Certificate of Incorporation (“Certificate”) and Amended and Restated Bylaws (“Bylaws”), such insurance may not be adequate in all … WebJun 15, 2024 · Indemnification refers to the right to have a company reimburse current or former directors or officers for all losses, including legal fees, incurred in connection with litigation arising from actions taken in service to the company or at the company’s direction. tems five in the morning