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With Albertsons Complaint, Chancery Sees New Challenge to Advance Notice Bylaws

In one of the last Chancery opinions of 2023, Vice Chancellor Lori Will wrote that she anticipated seeing more shareholder litigation challenging Delaware corporations’ advance notice bylaws. That prediction is now proving true, with an Albertsons shareholder represented by Block & Leviton and Abbott Cooper filing a complaint March 18 that claims the…

Texas Supreme Court Hears Objection to Electric Grid Price-Fixing Rule

Kurt Kuhn of the Austin appellate firm Kuhn Hobbs accused the state and its delegated energy grid manager of ignoring the Texas Legislature’s market-based directive during oral argument before the Texas Supreme Court. The case heard Tuesday, Public Utility Commission of Texas v. RWE Renewables Americas LLC, concerns whether a Public…