Law Commons^™

Nol Pill Reloaded: Selectica, Inc. V. Versata, Inc., Robert T. Miller

Robert T Miller

This short article discusses the Chancery Court opinion in Selectica, Inc. v. Versata Enterprises, Inc., in which Vice Chancellor Noble upheld the implementation and re-loading of an NOL poison pill. I argue that, although the case is for the most part relevant only to the limited sphere of NOL pills, the court's upholding of the reloading of the pill is likely of broader significance in Delaware takeover law.