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.…
Looking for a bar journal article that was published in 1985? There is a good chance that LegalTrac will be able to provide the information. There are over 1.6 million articles in the LegalTrac database. LegalTrac covers 1,400 legal…
On June 14, 1777, the Continental Congress adopted the stars and stripes design for the flag of the United States. While the first national observance of Flag Day occurred on June 14, 1877, the centennial of the adoption of the flag, it was…