NET · Interlocutory appeal accepted

The Delaware Supreme Court accepted an interlocutory appeal from the Court of Chancery's preliminary injunction blocking Cloudflare's dual-class recapitalization. The appeal will decide whether a 'controlled mindset' finding against independent directors can defeat the Section 144 safe harbor, a novel statutory question. The case remains pending; no final judgment has been entered.

• Delaware Supreme Court accepted interlocutory appeal on November 6, 2026
• Appeal challenges Court of Chancery's preliminary injunction blocking Cloudflare's dual-class recapitalization
• Central issue: whether a 'controlled mindset' finding can defeat Section 144 safe harbor for independent directors
• Briefing schedule: opening by Nov 18, answering by Dec 9, reply by Dec 16, 2026