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7 Feb 2023, 6:30 am
” Among others, VC Laster cited Caremark itself, the equating of officer duties with director duties in Gantler v. [read post]
6 Feb 2023, 10:51 am by Florian Mueller
I've had the chance to read the decision and would like to share only a few high-level observations here.Conti was lucky that the case got reassigned to the Delaware Chancery Court's Vice Chancellor (= judge) Nathan A. [read post]
2 Feb 2023, 6:30 am
Court of Chancery Holds Stockholder Is Not Third-Party Beneficiary Under Merger Agreement and Buyer Was Not Controller In Crispo v. [read post]
2 Feb 2023, 6:30 am
Court of Chancery Holds Stockholder Is Not Third-Party Beneficiary Under Merger Agreement and Buyer Was Not Controller In Crispo v. [read post]
2 Feb 2023, 3:00 am by John Jenkins
In early January, the Vice Chancellor Zurn’s issued her decision in Ainslie v. [read post]
26 Jan 2023, 11:29 am by Kevin LaCroix
” Vice Chancellor Laster determined that the plaintiffs’ claims against Fairhurst were of the red flags variety. [read post]
25 Jan 2023, 6:56 pm by Tom Smith
But over time, they argued, the battlefield has changed and they believed the threat that President Vladimir V. [read post]
24 Jan 2023, 3:00 am by John Jenkins
A motion for attorneys’ fees may seem like an odd place to address the provisions of Section 242 of the DGCL that require separate class votes to approve certain matters submitted to stockholders of a Delaware corporation, but Vice Chancellor Zurn’s opinion in Garfield v. [read post]
23 Jan 2023, 4:48 am by Peter Mahler
In all those cases, going back as least as far as former Vice Chancellor (and later Chancellor) Strine’s 2004 opinion in Haley v Talcott, the Chancery Court has expressly incorporated by analogy into its construction of § 18-802 of the Delaware LLC Act, authorizing judicial dissolution of LLCs, the doctrine of corporate deadlock established for 50/50 close corporations under Delaware General Corporation Law § 273. [read post]
In Kodiak Building Partners, LLC v Adams, the Delaware Chancery Court ruled that a non-compete contained in the parties’ sale of business agreement was overbroad. [read post]
15 Jan 2023, 6:33 pm
Pix Credit HEREThe state of the economic stability in Cuba has been very much in the news since the effects of the COVID pandemic, combined with geopolitical challenges, have pushed the Cuban economy to a crisis that comes close to matching that when its subsidies disappeared with the collapse of the Soviet Union. [read post]
15 Jan 2023, 1:28 am by Frank Cranmer
The Chancellor had no hesitation in coming to the conclusion that the necessary criteria for “exceptional circumstances” were fulfilled and that a faculty should issue [7]. [read post]
9 Jan 2023, 7:42 pm by Christine Corcos
., the United States presently embraces them by willfully ignoring how Holmes punished Porfirio Díaz’s leading critic Eugene V. [read post]