Search for: "The Delaware Supreme Court"
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2 Jan 2024, 4:40 pm
@AnnMLipton observes: "it would be kind of odd if a Delaware court held that a board violated its fiduciary duties by causing the company to break the law, if the company’s primary regulator determined that the company had not broken the law. [read post]
2 Jan 2024, 12:56 pm
Please note that these figures include only federal court securities suit filings; the numbers do not include securities class action lawsuits filed in state court. [read post]
1 Jan 2024, 11:52 am
An ethics rule change was recently adopted by the Delaware Supreme Court The Delaware Supreme Court today adopted a change to Rule 1.8 of the Delaware Lawyers’ Rules of Professional Conduct that will allow attorneys to provide modest gifts to... [read post]
29 Dec 2023, 5:00 am
Now, a filing in the Supreme Court supporting censorship efforts by the Biden Administration has supplied a handy list of the anti-free speech states for citizens. [read post]
26 Dec 2023, 4:22 am
Eastland Food Corp. v Mekhaya Eastland, decided by Maryland’s Supreme Court, addresses a frequent issue in New York business divorce cases but on which there is little case-law guidance: Do allegations that the controlling shareholders are taking disguised distributions in the form of salary and bonus (a) support a claim for minority shareholder oppression, and (b) support a direct claim for breach of fiduciary duty or unjust enrichment? [read post]
22 Dec 2023, 3:24 pm
Accordingly, in a landmark decision I still teach in M&A 30+ years later, the Delaware Supreme Court allowed Time to go forward with the revised acquisition. [read post]
21 Dec 2023, 7:17 am
Jenkins' Court Records & Briefs Jenkins receives briefs filed with the PA Supreme, PA Superior, and PA Commonwealth Courts. [read post]
19 Dec 2023, 4:00 am
In these cases, the Delaware Supreme Court and the Massachusetts Supreme Court both upheld blasphemy convictions on the grounds that they were meant to preserve public peace rather than punish beliefs. [read post]
18 Dec 2023, 2:48 pm
Changes include: (i) provisions specifically tailored to evolving markets such as life science transactions and cryptocurrency- and blockchain-related offerings; (ii) enhanced ethical and legal standards, such as inclusion in the Investor Rights Agreement of a covenant requiring adoption of a workplace code of conduct and anti-harassment policies; and (iii) adaptations to legal developments, such as new drafting options in response to the Delaware Rapid Arbitration Act (2015), offering more… [read post]
17 Dec 2023, 6:48 am
A copy of the Delaware Supreme Court’s opinion can be found here. [read post]
15 Dec 2023, 1:42 pm
The Delaware Supreme Court now allows a shareholder vote to perform substantially more work than ever before. [read post]
13 Dec 2023, 3:42 pm
United States, the Supreme Court held that bribery requires performance of, or a promise to perform, some “official act,” which it defined as a decision or action on a matter within an officer’s official capacity. [read post]
13 Dec 2023, 8:49 am
Three courts of appeals have answered “no. [read post]
13 Dec 2023, 6:30 am
The Delaware Supreme Court and the Delaware Court of Chancery have said this so often, so consistently and so clearly (and leading treatises on Delaware law so plainly confirm the point) that any lawyer who advised a client otherwise would undoubtedly be committing legal malpractice. [read post]
13 Dec 2023, 6:30 am
The Delaware Supreme Court and the Delaware Court of Chancery have said this so often, so consistently and so clearly (and leading treatises on Delaware law so plainly confirm the point) that any lawyer who advised a client otherwise would undoubtedly be committing legal malpractice. [read post]
12 Dec 2023, 10:00 pm
The Delaware Supreme Court heard oral argument on December 13, 2023 in a case that will decide whether transactions involving controlling stockholders outside of the merger context may be subject to deferential business judgment review with fewer stockholder protections implemented than would be required to invoke business judgment review in the merger context. [read post]
12 Dec 2023, 10:00 pm
The Delaware Supreme Court heard oral argument on December 13, 2023 in a case that will decide whether transactions involving controlling stockholders outside of the merger context may be subject to deferential business judgment review with fewer stockholder protections implemented than would be required to invoke business judgment review in the merger context. [read post]
12 Dec 2023, 10:00 pm
The Delaware Supreme Court heard oral argument on December 13, 2023 in a case that will decide whether transactions involving controlling stockholders outside of the merger context may be subject to deferential business judgment review with fewer stockholder protections implemented than would be required to invoke business judgment review in the merger context. [read post]
12 Dec 2023, 10:00 pm
The Delaware Supreme Court heard oral argument on December 13, 2023 in a case that will decide whether transactions involving controlling stockholders outside of the merger context may be subject to deferential business judgment review with fewer stockholder protections implemented than would be required to invoke business judgment review in the merger context. [read post]
12 Dec 2023, 10:00 pm
The Delaware Supreme Court heard oral argument on December 13, 2023 in a case that will decide whether transactions involving controlling stockholders outside of the merger context may be subject to deferential business judgment review with fewer stockholder protections implemented than would be required to invoke business judgment review in the merger context. [read post]
