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15 Nov 2020, 6:42 pm by Francis Pileggi
A recent Delaware Supreme Court opinion addressed the titular topic in the matter styled In Re Solera Insurance Coverage Appeals, Nos. 413, 418, 2019 (Del. [read post]
14 Sep 2010, 7:51 am by Broc Romanek
Delaware Chancery Refuses to Second-Guess Board Strategy in Merger Transaction Here is news from William Savitt and Ryan McLeod of Wachtell Lipton: The Delaware Court of Chancery last week refused to block a proposed merger in a decision highlighting the importance of careful process in structuring a corporate sale. [read post]
9 Sep 2020, 10:25 am by John Stigi and Alejandro Moreno
.), the Delaware Court of Chancery considered an issue of first impression:  Does the management of a Delaware corporation have the unilateral authority to preclude a director from obtaining the corporation’s privileged information? [read post]
6 Sep 2008, 3:03 am
How long have you served in the Delaware Judiciary? [read post]
9 Apr 2008, 7:47 am
April 9, 2008)In a case of apparent fist impression, a bankruptcy court in Delaware has held that Caremark duties apply to corporate officers as well as directors. [read post]
30 Mar 2012, 3:00 am by Doug Austin
District Court for the District of Delaware revised the "Default Standard for Discovery, Including Discovery of Electronically Stored Information (ESI)" for the third time to reflect recent changes in technology and to address concerns of attorneys regarding the discovery of ESI. [read post]
16 May 2011, 7:50 am by Sheldon N. Sandler
The Delaware Attorney General’s Office is seeking to appeal the Third Circuit’s ruling that Delaware’s labor apprentice law violated the commerce clause. [read post]
6 Jan 2022, 7:11 am by Geoffrey B. Fehling and Syed S. Ahmad
The policyholder alleged in its complaint that Delaware law governed the D&O policy, but when the Delaware Supreme Court reversed Solera, Stillwater “pivoted” to the view that Montana law, rather than Delaware law, governed the policy. [read post]
31 Jul 2017, 11:00 am by Spencer D. Klein and F. Dario de Martino
On July 21, 2017, following last June’s announcement that the Delaware House of Representatives had passed (with near unanimity) blockchain-related provisions proposing to amend several sections of the Delaware General Corporation Law (DGCL), the Delaware Governor officially signed the legislation into law. [read post]
12 Apr 2010, 1:30 am by Francis G.X. Pileggi
An abstract from the recent paper by Professors John Armour, Bernard Black and Brian Cheffins provides that: With the state competition for incorporations, Delaware's courts are seen as an integral part of the Delaware "brand", which implies most corporate cases involving Delaware companies are litigated in Delaware. [read post]
Under Delaware’s corporate benefit doctrine, a stockholder who presents a meritorious claim to a board of directors may be entitled to attorneys’ fees if the stockholder’s efforts result in the conferring of a corporate benefit. [1] On June 20, 2014, the Delaware Chancery Court considered in Raul v. [read post]
7 Sep 2008, 3:27 am
This is must reading for anyone interested in understanding an overview of the theoretical and practical underpinnings of Delaware corporate law as explained by Delaware's top jurist. [read post]
9 Jul 2012, 9:20 am by Steve Bainbridge
On a listserv to which I belong, a member asked: How far will Delaware courts allow an agreement to permit self-dealing in an LLC? [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]