On June 15, 2026, the Delaware Court of Chancery issued an Opinion interpreting Section 144 of the DGCL, the landmark statutory measure adopted last year to provide safe harbors for certain conflicted transactions and address director independence, among other reforms. Our recent Client Alert discusses the Opinion, which applies, for the first time, the statute’s heightened presumption of independence for directors of public companies determined by the board to be independent under the relevant NYSE or Nasdaq listing standards to dismiss derivative claims on demand futility grounds. The Court’s decision applying the heightened presumption of independence should provide welcome comfort for directors of Delaware corporations deemed independent under relevant listing standards. And, more generally, the Vice Chancellor’s straightforward application of the new statutory language is a strong signal to market participants that the reforms codified in Section 144 will be given full effect.