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MATTER OF GLOBAL SAFETY LABS, INC.

C.A. No. 2022-0309-JTL.

275 A.3d 1278 (2022)

In the MATTER OF GLOBAL SAFETY LABS, INC.

Court of Chancery of Delaware.

Date Decided: May 12, 2022.

Attorney(s) appearing for the Case

Marc S. Casarino , Karine Sarkisian , KENNEDYS CMK LLP, Wilmington, Delaware; Attorneys for Petitioner.

OPINION

Global Safety Labs, Inc. (the "Company") is a Delaware corporation that has dissolved and is winding up its affairs. The Company has petitioned the court for determinations under Section 280 of the Delaware General Corporation Law (the "DGCL") regarding its obligations to post security for claims. Dkt. 1 (the "Petition...

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