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20 Mar 2024, 6:30 am
Summary On February 23, 2024, Vice Chancellor Travis Laster of the Delaware Court of Chancery issued his 131-page decision in West Palm Beach Firefighters’ Pension Fund v. [read post]
18 Mar 2024, 12:15 am
Travis Laster's recent ruling in Palkon v. [read post]
14 Mar 2024, 6:30 am
Travis Laster of the Delaware Court of Chancery issued an opinion refusing to dismiss stockholder claims challenging the reincorporation of TripAdvisor from Delaware to Nevada and determining that the entire fairness standard of judicial review, rather than the business judgment rule, applied to the decision to reincorporate. [read post]
14 Mar 2024, 6:30 am
Travis Laster of the Delaware Court of Chancery issued an opinion refusing to dismiss stockholder claims challenging the reincorporation of TripAdvisor from Delaware to Nevada and determining that the entire fairness standard of judicial review, rather than the business judgment rule, applied to the decision to reincorporate. [read post]
13 Mar 2024, 4:54 pm
Keith reminds us that VC Laster declined to enjoin TripAdvisor's reincorporation in Nevada, although liability claims remain pending, and informs us that Laird Superfood, Inc., has done likewise. [read post]
11 Mar 2024, 12:15 am
Travis Laster declined to enjoin the move but is allowing the suit to go forward on the question of damages. [read post]
7 Mar 2024, 3:43 pm
Vice Chancellor Laster recently requested information from litigants in Seavitt v. [read post]
5 Mar 2024, 3:00 am
Importantly, VC Laster did not hold that all of the contractual investor rights challenged by the plaintiff were invalid on their face. [read post]
3 Mar 2024, 9:01 pm
Travis Laster held in Palkon v. [read post]
1 Mar 2024, 10:41 am
VC Laster’s Moelis decision? [read post]
28 Feb 2024, 10:11 am
Feb. 20, 2024) (Laster, V.C.) the Delaware Court of Chancery considered whether a controlling stockholder’s approval of transactions reincorporating two Delaware corporations in Nevada is subject to entire fairness review where there was a lack of procedural protections that would give the approval of the transactions the patina of arms-length bargaining. [read post]
28 Feb 2024, 6:41 am
Moelis & Company, February 23, 2024, Laster, J.).New-wave agreement. [read post]
28 Feb 2024, 3:15 am
VC Laster was careful to note that the outcome resulted from this being a controller transaction. [read post]
27 Feb 2024, 12:15 am
Travis Laster finding that Section 141(a) of the Delaware General Corporation Law trumps most of the provisions of a so-called "new wave" stockholder agreement. [read post]
25 Feb 2024, 3:30 pm
Moelis & Co. is a new Delaware Chancery Court opinion by VC Travis Laster. [read post]
22 Feb 2024, 3:33 pm
Vice Chancellor Laster has issued his opinion in the TripAdvisor case. [read post]
22 Feb 2024, 12:15 am
Travis Laster's recent ruling in Palkon v. [read post]
21 Feb 2024, 12:15 am
Travis Laster issued his ruling on the defendants' motion to dismiss the suit for failure to state a claim. [read post]
20 Feb 2024, 9:01 pm
” According to Vice Chancellor Laster, Lampert’s written consent actions did not implicate that principle because he “only used his powers as a stockholder. [read post]
12 Feb 2024, 4:04 am
Laster issued his post-trial opinion and order. [read post]
