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Delaware Decision Has Lessons for Lenders and Others

By Stanley Keller on December 21, 2020
Posted in 1933 Act Offerings, Executive Compensation, Private Placements, Uncategorized

On December 8, 2020, the Delaware Court of Chancery in Stream TV Networks, Inc. v. SeeCubic, Inc.[1] upheld a unique structure established by secured lenders to protect their interests and in doing so the Court addressed a number of corporate law issues.

Stream TV Networks, Inc. (“Stream“) was a…

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