Chancery Holds Void Corporations are Unable to Litigate Claims
By EsqSocial Corporation 06/02/25
Rivera v. Angkor Capital Ltd., C.A. 2022-0671-MTZ (Del. Ch. Aug. 20, 2024) - In this decision involving a plaintiff corporation’s action to rescind a stock purchase agreement involving the sale of a majority interest in its shares, the Court learned after the issuance of its post-trial opinion that the plaintiff corporation was “void” for failure to pay franchise taxes....
By: Morris James LLP