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.…
Directed by Errol Morris, The Thin Blue Line is based on the true story of a hitchhiker, Randall Dale, who was convicted of murdering a police officer in 1976. The film was the first movie to solve an actual murder and get a conviction…
On July 4, 1776, the First Continental Congress adopted the Declaration of Independence and ordered it to be printed. The document was drafted by Thomas Jefferson, and served to formally sever ties with Great Britain, declaring the colonies…