Jones Apparel Group, Inc. v. Maxwell Shoe Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that the DGCL is “widely regarded as the most flexible in the nation because it leaves the parties to the corporate contract (managers and stockholders) with great leeway to structure their relations, subject to relatively loose statutory constraints”
• suggesting, without ruling on subject, that charter-based limitations on the board’s ability to address charter amendments or mergers could be suspect
• analyzing first whether Maxwell’s charter precluded Maxwell’s board from setting the record date in connection with plaintiff’s consent solicitation (i.e., the proper interpretation of the charter
• “[Delaware corporations have] the broadest grant of power in the English-speaking world to establish the most appropriate internal organization and structure for the enterprise.”
• “[Delaware corporations have] the broadest grant of power in the English-speaking world to establish the most appropriate internal organization and structure for the enterprise.”
• “[Delaware corporations have] the broadest grant of power in the English-speaking world to establish the most appropriate internal organization and structure for the enterprise.”

Source: CourtListener parenthetical corpus (CC0).