Sleeping on Your Stock: A $25 Million Lesson

A recent March 20, 2026 letter decision from the Delaware Court of Chancery in Gary T. Turner v. Lam Research Corporation is a stark illustration of how unforgiving Delaware courts can be when stockholders sit on their rights. For venture-backed companies and their stockholders, the case underscores a simple but critical point: stock ownership rights are only as durable as the diligence used to monitor and enforce them.... By: Farrell Fritz, P.C.