Chancery’s Deep Doctrinal Dive into the Definition of Voidable v. Void Corporate Acts

A recent Delaware Court of Chancery opinion is required reading for those interested in the important distinction between corporate acts that are void as compared to voidable. In a 100-plus page decision in connection with approving a class action settlement and attorneys’ fees, the Court of Chancery engages in a deep doctrinal dive and scholarly analysis into the void versus voidable distinction in corporate acts.