Dr. Martin Luther King, Jr. and his “unexpected” economic legacy.
Monday, January 17th, 2011 was the day we as Americans were called upon to remember the life and times of Dr. Martin Luther King, Jr. Some Americans had the day off. Others did not. It is likely that some Americans gave not much more than a…
There has been a lot of ink spilled recently about the plight of the small businessman in the recession. In particular, there has been a great deal of discussion as to whether franchising as a business model has done relatively better or…
It is a documented fact that between the years 2002-2008 a lot of franchises were sold. Not coincidentally this was also the time when the franchise lead generation portals began to proliferate. And so, one could argue, 2002-2008 could be…
Delaware Supreme Court on good faith and the duty of loyalty in a Revlon setting
The Delaware Supreme Court, sitting en banc, has held that the Court of Chancery erred when it ruled
that liability for breach of the duty of loyalty in a bad faith context could
be imposed without a showing of intent.
The Supreme Court of South Dakota has held that an LLC may
be dissolved when two of four members refuse to renegotiate the terms of an
agreement between the LLC and those two members.
In Kirksey v. Grohmann,
four sisters were left equal…
Delaware Court of Chancery on good faith and the duty of loyalty in a Revlon setting again
The Delaware Court of Chancery has erroneously held that it
was correct in its earlier decision to permit a case to survive summary
judgment under Stone v. Ritter
without facts indicating that the defendants intended to violate a known duty.…