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13 Mar 2023, 4:33 am by Peter J. Sluka
., 73 A3d 934 [Del Ch 2013], and ATP Tour, Inc. v Deutscher Tennis Bund, 91 A3d 554 [Del 2014]. [read post]
27 Jan 2017, 3:00 am by John Jenkins
Deutscher Tennis Bund, the Delaware legislature amended Section 109(b) to prohibit fee-shifting bylaws for “internal corporate claims” – those alleging breaches of fiduciary duty or as to which the DGCL gives the Chancery Court jurisdiction. [read post]
6 Jan 2017, 7:33 am by Francis Pileggi
Deutscher Tennis Bund, 91 A.3d 554 (Del. 2014), precluded Delaware stock corporations from issuing bylaws imposing liability on shareholders for the corporation’s or other parties’ attorneys’ fees and expenses in connection with internal corporate claims. [read post]
12 Oct 2016, 6:21 am
Deutscher Tennis Bund (“ATP Tour”). [1] In the case, the Delaware Supreme Court upheld the fee-shifting bylaw adopted by the directors of ATP Tour, Inc., largely by applying the contractarian principle. [read post]
4 Jan 2016, 4:08 pm by Kevin LaCroix
Deutscher Tennis Bund case upheld the facial validity of a bylaw provision shifting attorneys’ fees and costs to unsuccessful plaintiffs in intra-corporate litigation. [read post]
23 Nov 2015, 6:17 am
Deutscher Tennis Bund, broadly empowered the board vis-à-vis the shareholders through the board’s power to amend the bylaws. [read post]
8 Sep 2015, 5:08 pm by Kevin LaCroix
Deutscher Tennis Bund case upheld the facial validity of a bylaw provision shifting attorneys’ fees and costs to unsuccessful plaintiffs in intra-corporate litigation. [read post]
30 Jun 2015, 3:17 pm by Steve Bainbridge
Deutscher Tennis Bund), the Delaware Supreme Court upheld a fee-shifting bylaw, which required unsuccessful... [[ This is a content summary only. [read post]
14 Jun 2015, 4:56 pm by Kevin LaCroix
Deutscher Tennis Bund case upheld the facial validity of a bylaw provision shifting attorneys’ fees and costs to unsuccessful plaintiffs in intra-corporate litigation. [read post]
18 May 2015, 3:00 am by Kevin LaCroix
Deutscher Tennis Bund case had upheld the validity of a corporate bylaw provision shifting fees to an unsuccessful litigant in shareholder litigation. [read post]
8 May 2015, 3:33 am by Broc Romanek
Deutscher Tennis Bund, 91 A.3d 554 (Del. 2014) upholding as facially valid a bylaw imposing liability for certain legal […] [read post]
Deutscher Tennis Bund (“ATP”) marked a sudden and potentially transformative moment in the relationship among corporate boards, their stockholders, and the Delaware legal system. [read post]
Deutscher Tennis Bund. [2] Both would prevent corporations from seeking to saddle shareholders with the cost of shareholder litigation by means of a fee-shifting provision, whether adopted in the charter or the bylaws. [read post]