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3 Jan 2011, 7:45 am by Broc Romanek
Delaware Chancery Enjoins Merger Vote Pending Corrective Disclosures Here is news from Tom Bayliss of Abrams & Bayliss: On December 20th, the Delaware Court of Chancery issued this bench ruling enjoining a special meeting of stockholders of Art Technology Group, Inc. [read post]
16 Dec 2010, 6:44 am
Wal-Mart Stores Inc. scored a second victory in its case against a former executive by convincing the Delaware Court of Chancery to extend the injunction preventing him from joining CVS Caremark Corporation. [read post]
11 Nov 2010, 2:32 pm by Kara OBrien
Delaware Decisions to pay attention to: Plato Learning Hertz-Dollar-Thrifty Health Grades, Inc. [read post]
23 Jul 2010, 1:34 pm
Vice Chancellor Laster acknowledged that Delaware law regarding the proper analysis of controlling stockholder “freeze-out” transactions is muddled:   I recognize that by applying the unified standard, I reach a different conclusion than the recent [In re Cox Radio, Inc. [read post]
14 Jul 2010, 1:52 pm by Steve Bainbridge
Octogenarian pornographer and libertine Hugh Hefner wants to take Playboy Enterprises, Inc. private. [read post]
23 May 2010, 12:36 pm by Larry Ribstein
Laster presumably had Delaware in mind as that forum. [read post]
12 Apr 2010, 10:30 am by P. Clarkson Collins Jr.
The Toll Brothers decision arose in the context of a motion to dismiss a shareholder derivative complaint brought for the benefit of Toll Brothers Inc. against eight of the eleven directors of the corporation. [read post]
22 Mar 2010, 4:50 am by Walter Olson
“When forced to defend their conduct and leadership role, original plaintiffs’ counsel approached the concept of candor to the tribunal as if attempting to sell me a used car,” wrote Vice Chancellor Travis Laster, ordering the replacement of shareholder lawyers in a case against Revlon Inc. [read post]
11 Mar 2010, 2:44 pm by Steve Bainbridge
In the course of its opinion, however, the Delaware Chancery Court (per Laster, VC) touched on a couple of aspects of the federal insider trading prohibition that deserve further attention. [read post]