Andrews Corporate Officers and Directors Liability Litigation Reporter
September 24, 2001
Copyright (c) 2001 Andrews Publications
NEW CHALLENGE TO POISON PILL FAILS TO DENT DELAWARE CASE LAW
Leonard Loventhal Account v. Hilton Hotels Corp.
The poison pill is a fact of life in Delaware, so shareholders have no power to reject stock just because it comes with a “rights plan” attached to it, the state supreme court said in affirming the dismissal of a challenge to a transaction betwen the...