News
May 6, 2015

ILR’s Lisa Rickard Opposes Fee-Shifting Measure in Delaware Senate

“Helping trial lawyers instead of shareholders calls into question Delaware’s commitment to maintaining the balanced legal system that until now has been the hallmark of its corporate franchise,” said ILR President Lisa A. Rickard, in a Delaware Law Weekly story about ILR’s opposition to a bill aimed at banning corporate “fee-shifting” bylaws.

The bill, SB 75, introduced by state Sen. Bryan Townsend, is designed to reverse a state Supreme Court decision allowing corporations to adopt such bylaws to head off abusive merger-and-acquisition litigation in Delaware.

The story notes that ILR has framed the bill “as a threat to Delaware’s standing as the epicenter of U.S. corporate law.”

Read the full story here.

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