Chancery Daily

@chancerydaily.bsky.social

2024

Followers

321

Following

700

Posts

“like bill nye the science guy but for the delaware court of chancery” but here I’m just a baby raccoon account

dm me ol’ fashioned at chance at chancerydaily dot com

learn something ffs: https://chancery.ink/stack

Reposted by

like im doing great but im squinting at an incoming nuke like damn that’s crazy

same tbh

The only way I'm walking into the sea is if I've got my arms full of as many of these shitbirds as I can physically drag under the waves with me.

Reposted by

Chancery Daily

Yep. One of the biggest blind spots people have is assuming that underneath, others share the same basic values as them. They have trouble imagining an ideology that is completely misaligned with theirs.

wait what

wake up babe new* endosymbiotic organelle just dropped. They confirmed it's more than just symbiosis when they saw it absorbing whole proteins from the host! *100 million years old, but that's new compared to billions-years old mitochondria and chloroplasts

Scientists discover first nitrogen-fixing organellenews.ucsc.edu In two recent papers, an international team led by UC Santa Cruz scientists describe the first known nitrogen-fixing organelle within a eukaryotic cell. The organelle is the fourth example in history ...

Reposted by

Chancery Daily

The DE Campaign to End Debtors' Prison just won a significant legislative victory: SB 282, SB 283, & SB 284 just passed both houses! If the gov signs 'em, these bills will eliminate a SLEW of awful, unjust fees. There's more to do - pass "ability to pay" legislation, for one - but it's a big win!

Delaware Campaign to End Debtors' Prisonfinesandfeesde.org The Delaware Campaign to End Debtors' Prison seeks a world where one's poverty does not affect how they are punished in the criminal justice system. Learn more about these issues and how you can take ...

Reposted by

Chancery Daily

logging on

Reposted by

Chancery Daily

The GOP is quickly becoming a party defined by issues on which 70% of the population disagrees with them. Dobbs and gun regulation has exposed this, and now same goes for GOPs increasing embrace of anti-LGBTQ rhetoric and policies. And yet this race is 50/50. Gift link. wapo.st/3VvKTju

Analysis | The GOP’s sudden turn away from gay rights — and acceptancewapo.st The right wing of the party has re-injected LGBTQ+ rights and issues into our political discussion in recent years. There are real signs it’s having an effect.

Reposted by

Chancery Daily

super excited for the day AI will be able to take over the most tedious tasks of daily life such as making art, engaging with art, maintaining human relationships, etc., so that I can focus on my true passion: creating value for shareholders

the amendment somehow become not the worst part of this whole thing; not nearly as bad as what was said on the floor to get it

House sends corporate law amendments to govenordelawarebusinesstimes.com Senate Bill 313, which includes changes to how board of directors of companies that have incorporated in Delaware can oversee companies as fiduciaries has now passed the House.

Reposted by

Chancery Daily

Reply to

Ann M. Lipton

I’m so heartsick about this. I’m a weirdo autistic lawyer who *really loves* the analytics of commercial litigation. I feel like the kid in the candy store that I get to do this professionally. Both the process and the substance of this is so depressing.

Reposted by

Chancery Daily

The modern Right will absolutely destroy the lives of thousands of harmless children for a drop of political power. They know that hate and fear are powerful and gleefully cultivate them.

stories like this give the lie to the idea that the right is interested in protecting these children. per their own narrative, this girl is a victim of “gender ideology” or whatever. but the reaction from the right is always hostility, ostracization and violence.

Mom of transgender girl athlete says Florida's investigation has destroyed her daughter's lifewww.yahoo.com A Florida public school employee who faces firing because she allowed her transgender daughter to play girls high school volleyball assailed those who outed her child, saying Tuesday that the ensuing ...

Reposted by

Chancery Daily

Today's Delaware House Judiciary Com meeting on SB 313 was enlightening in many respects. This exchange (1:20-1:33), btwn Rep. Sean Lynn & expert witness Prof. Usha Rodrigues is a *masterclass* of policy discussion – highlighting the bill's many deficiencies sg001-harmony.sliq.net/00329/harmon...

House Judiciary Committee Meetingsg001-harmony.sliq.net House Judiciary Committee Meeting

Reposted by

Chancery Daily

The hearing was notable, too, for how the bill's proponents DID NOT DEIGN to address, in any significant way, the many questions raised by business ppl, lawyers, & profs about the text, its effects, or the drafting process. In fact, they repeated, near-verbatim, the script from the Senate hearing.

House Judiciary Committee Meetingsg001-harmony.sliq.net House Judiciary Committee Meeting

Reposted by

Chancery Daily

This wasn't too surprising; the Delaware Way is not a dialogue, after all. But it was as a sign of disrespect to the other legislators (perhaps intentional?) who DID raise questions, and DID call other witnesses to give the matter full consideration. Kudos to those folks, & esp. Rep. Wilson-Anton

y'all should watch this

And last but very expressly least, if you want to see me thunder on from a bad camera angle – for *exactly* my one allotted minute of time – and hear my brief take about how passing this bill would bring Woodrow Wilson's mistakes to Delaware ... well, you can see that here (1:43:48)

House Judiciary Committee Meetingsg001-harmony.sliq.net House Judiciary Committee Meeting

I think it was already suspect, now it’s proven.

Mystifying to me that shareholders would vote for redomestication, except insofar as they all think the company's value is tied to conceding to Musk's whims at which point maybe the entire model of a publicly held company is suspect.

Reposted by

Chancery Daily

Reply to

Chancery Daily

“The vote which we are pretending was fully informed and definitely not coerced and which followed the recommendation of a one person special committee which was definitely super independent and very diligent”

Tesla asks to postpone the July 8th hearing in front of Chancellor McCormick so that the parties can address the issues arising from the “impact of the vote.”

Reposted by

Chancery Daily

Here is the text of a letter I submitted in advance of the Delaware House Judiciary Committee Meeting regarding proposed amendments to the DGCL: lawprofessors.typepad.com/business_law...

Business Law Prof Blog: I Write Letters!lawprofessors.typepad.com Here is the text of a letter I submitted in advance of the Delaware House Judiciary Committee Meeting regarding the proposed amendments to the DGCL: Dear Chair Griffith: I write to express my concerns...

Reposted by

Chancery Daily

SB 313 - the bill that will gut the Delaware General Corporation Law to fit the temporary whims of over-their-skis private equity dudes - is on the agenda for a hearing in the House Judiciary at Noon on Tues June 18. Details on how to attend, watch & give a comment (in person or virtually) here

Meeting Notice - Delaware General Assemblylegis.delaware.gov

Reposted by

Chancery Daily

This is probably the last time any human members of the public who are not privately funding specific Delaware legislators’ campaigns will have an opportunity to affect the course of this rushed and unwise legislation

Meeting Notice - Delaware General Assemblylegis.delaware.gov

Reposted by

Chancery Daily

A conversational update on the status of Delaware’s rush to implement private equity’s worst ideas, to the nation’s detriment. (My amateur citizen’s observations are leavened by actual expertise on the law and DE politics, don’t worry)

🚨Ep298 Senate of Ill Repute🚨 Historian @dael.bsky.social & legal expert @chancerydaily.bsky.social discuss the opposition to the Corp Law bill SB 313 at the Judiciary Committee. (Bill passed the committee anyway via anonymous vote & passed a floor vote unanimously.) www.patreon.com/posts/106131...

E298 - Senate of Ill Repute (w/ Dael Norwood, Chancery Daily) | R.E. Vanellawww.patreon.com Get more from R.E. Vanella on Patreon

Reposted by

Chancery Daily

i just want zoomers to know that computers were actually useful once. before the iphone/ipad/android/chromebook, computers ran software that was just like a program that did what it was supposed to do. also the internet used to have a lot of cool stuff on it that didn't give you an anxiety disorder

Reposted by

Chancery Daily

tells you all you need to know about the usefulness of the benefit corp form

Source: Sam Altman recently told some investors that OpenAI is considering changing to a for-profit benefit corporation that its nonprofit board doesn't control (The Information) Main Link | Techmeme Permalink

Reposted by

Chancery Daily

“I urge you to put our state’s needs before the transient tantrums of the small number of private equity special pleaders,” @dael.bsky.social cc: @chancerydaily.bsky.social 📸 by yours truly on the day delawarecall.com/2024/06/12/s...

Senate Judiciary ignores objections to corporate law amendments | Delaware Calldelawarecall.com Despite pleas from dozens of legal scholars and Delaware residents, the controversial Senate Bill 313 was voted out of committee — but with silent defections.

Reposted by

Chancery Daily

E298 - Senate of Ill Repute (w/ Dael Norwood, Chancery Daily) | R.E. Vanellawww.patreon.com Get more from R.E. Vanella on Patreon

Reposted by

Chancery Daily

"generally find Elon Musk useful, in that he makes it clear which things in America are actually hard boundaries (contract law, maybe copyright law) and which are merely conventions (most everything else)" stop preempting my WIPs thanks

wrote about the tesla vote www.theverge.com/2024/6/14/24...

Whatever Elon wants, Tesla getswww.theverge.com If corporate governance isn’t real, everything is possible

Reposted by

Chancery Daily

🚨Ep297 Market Practice🚨 The Corp Law changes have been delivered from Mt Sinai (Delaware Bar) @chancerydaily.bsky.social explains shareholder agreements, prospective stockholders & how market practice evolves into illegal acts (so says the Court of Chancery) www.patreon.com/posts/105699...

E297 - Market Practice (w/ Chancery Daily) | R.E. Vanellawww.patreon.com Get more from R.E. Vanella on Patreon

all the goods on what’s up in Delaware corporate law rn

‎Highlands Bunker: E297 - Market Practice (w/ Chancery Daily) on Apple Podcastspodcasts.apple.com ‎Show Highlands Bunker, Ep E297 - Market Practice (w/ Chancery Daily) - Jun 7, 2024

Reposted by

Chancery Daily

Gosh that’s bad, where would a high tech company find another rich sociopath

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned - https://www.theverge.com/2024/6/6/24173064/tesla-board-chair-warn-elon-musk-leave-pay-shareholders

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warnedwww.theverge.com ‘This is obviously not about the money,’ Tesla’s board chair writes — presumedly with a straight face.