Too big to fail – Spring semester business law students learned how the rise and fall of railroads pioneered a path to deal with large-scale corporate bankruptcies

June 17, 2024
Douglas Sasso (LAW ’26) shares a spotlight on a Spring 2024 Current Topics in Business Law course which covered the influence railroads had on the development of the American legal system. Focusing on the Penn Central bankruptcy, the course offered students a chance to study what was once the largest merger and bankruptcy in history and its affect on legal, regulatory, and economic systems.

Delaware Set to Expand Exculpation to Certain Officers of Corporations

The Delaware General Assembly is set to consider amendments to the General Corporation Law of the State of Delaware (DGCL), already approved by the Corporation Law Section of the Delaware State Bar Association, to, among other things, allow Delaware corporations to adopt exculpation clauses limiting or eliminating the monetary liability of certain officers. The proposed amendment to Section 102(b)(7) of the DGCL addresses a growing concern over officer liability, albeit by providing narrower exculpation than is available to directors.