Del. Dispatch: Efforts Clause Trumps Contractual Right

By Gail Weinstein, Philip Richter and Steven Epstein (January 25, 2024, 5:48 PM EST) -- In Chordia v. Lee, the Delaware Court of Chancery on Jan. 4 interpreted a stockholders' agreement entered into between Alphonso Inc. and its founders and other so-called key holders in conjunction with the acquisition by LG Electronics Inc. of a majority stake in Alphonso....

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