The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 15 Jun 2026 16:10:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Delaware Supreme Court Affirms Dismissal of Premature Challenges to Advance Notice Bylaws – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Delaware Supreme Court Affirms Dismissal of Premature Challenges to Advance Notice Bylaws https://corpgov.law.harvard.edu/2026/05/21/delaware-supreme-court-affirms-dismissal-of-premature-challenges-to-advance-notice-bylaws/?utm_source=rss&utm_medium=rss&utm_campaign=delaware-supreme-court-affirms-dismissal-of-premature-challenges-to-advance-notice-bylaws https://corpgov.law.harvard.edu/2026/05/21/delaware-supreme-court-affirms-dismissal-of-premature-challenges-to-advance-notice-bylaws/#respond Thu, 21 May 2026 11:30:13 +0000 https://corpgov.law.harvard.edu/?p=181194?d=20260520161340EDT Posted by Scott Barnard, Stephanie Lindemuth, and Doug Rappaport, Akin Gump Strauss Hauer & Feld LLP, on Thursday, May 21, 2026
Editor's Note:

Scott Barnard, Stephanie Lindemuth, and Doug Rappaport are Partners at Akin Gump Strauss Hauer & Feld LLP. This post is based on an Akin Gump memorandum by Mr. Barnard, Ms. Lindemuth, Mr. Rappaport, Kate D. Shapiro, Lindsey Prutsman, and Shiri Huber, and is part of the Delaware law series; links to other posts in the series are available here.

Key Takeaways

  • On April 29, the Delaware Supreme Court affirmed dismissal of stockholder suits challenging advance notice bylaws adopted by The AES Corporation and Owens Corning, holding the stockholders’ claims were brought too soon and were therefore unripe.
  • The Court reiterated that advance notice bylaws are “twice‑tested,” first for legal authorization, then by equity, but emphasized that equitable review requires a ripe controversy.
  • The Court did not announce a categorical rule that a rejected nomination is always required to challenge bylaws; it held only that these claims, including the hypothetical deterrence effect on board nominations, were too abstract to support declaratory or injunctive relief.

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