WebJan 23, 2014 · While the General Corporation Law of the State of Delaware (the DGCL) permits a company to create preferred stock, it provides drafters of preferred stock provisions with no specific guidance as to the nature or form of the preferred stock’s rights and obligations. WebShares owned by the Executive shall be subject to the applicable tag -along and drag -along provisions of the Stockholders Agreement, provided that the applicable thresholds shall be reduced from 50% to 25%. Sample 1 Sample 2 Sample …

Delaware Supreme Court Affirms the Use of Stockholders …

The Privy Council upheld the decisions in the lower courts that it was reasonable for a company to take the view that members who had acquired their shares by misrepresentation, or had committed acts which could result in … See more The case involved the introduction from scratch of a compulsory redemption power in respect of members' shares, at the instigation of the … See more S had for some months previously been indicating that he wanted to buy M out. Against that backdrop, C served 15 days' notice to … See more The judgment supports previous case law that the power of majority shareholders to bind a minority by amending articles has to be exercised in good faith in the interests of the company (most recently Re Charterhouse Capital … See more WebOct 31, 2024 · Drag-Along Rights: A drag-along right is a right that enables a majority shareholder to force a minority shareholder to join in the sale of a company. The majority owner doing the dragging must ... grant white system flue

Tag along rights Practical Law

WebJun 26, 2015 · In Arbuthnott v Bonnyman and others [2015] the Court of Appeal rejected an appeal relating to a claim of unfair prejudice under section 994 Companies Act 2006 … WebJul 2, 2014 · Drag-along provisions can also contain pitfalls for the unwary, such as the power of attorney point referenced above and so it is important to establish early on whether the drag will actually ... grant whiteman