The Delaware Court of Chancery, in In re Altaba, Inc., C.A. No. 2020-0413-JTL, opinion (Del. Ch. Oct. 19, 2020), ruled that a dissolved corporation may obtain Court approval for an interim distribution of assets to stockholders on a showing, analogous to that required for summary judgment, of sufficient reserves to satisfy creditor claims.

$$$ Law360 discusses the decision in Altaba Must Reserve $800M For Canadian Data Breach Claims.