The Strine Decision On October 23, 2013, the Third Circuit Court of Appeals declared the Delaware Chancery Court’s arbitration system unconstitutional.1 The arbitration system at issue was codified in the Delaware Code2 as well as the Rules of the Delaware Court of Chancery.3 Delaware’s program, established in 20094 provided for arbitration by a Delaware chancery…
Author: Marcy Blattner
Twitter’s Bumpy Flight from the Nest: Twitter’s IPO and the JOBS Act
Twitter: An “Emerging Growth Company” On September 12, 2013, Twitter announced its initial public offering (IPO) filing through its own Twitter feed: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.”1 At the time, this tweet was the “only public…