The Delaware Trapdoor: When Authorized Shares Become a Six-Figure Surprise
For as long as I can remember Delaware has been hailed as the pro-business jurisdiction; the gold standard for corporate law, investor predictability, and efficient courts. Law schools use it as the gold standard and companies have flocked there for good reasons, such as a sophisticated Court of Chancery, a robust body of case law, and streamlined governance rules. But there is one corner of Delaware law […]
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