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    Chancery Finds Potential Liability for Blocking Company Financings Despite Contractual Veto Rights governance corpgov.law.harvard.edu

In Zync v. Porsche et al (May 29, 2026), the Delaware Court of Chancery, at the pleading stage of litigation, declined to dismiss claims against Porsche, a 5% stockholder in  Zync, Inc. (the “Company”), and Porsche’s designee on the Company’s board of directors (the “Porsche Director”), relating to their blocking the Company’s critically needed financings, […]

Source: Harvard Law School Forum on Corporate Governance

Published: 2026-07-20T11:30:39Z