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12 Aug 2022, 6:51 am
Niles, Wachtell, Lipton, Rosen & Katz, on Tuesday, August 9, 2022 Tags: Board oversight, Boards of Directors, Compliance & ethics, Corporate liability, Delaware cases, Delaware law, In re Caremark, Risk Second Circuit on Stating a Claim for Scheme Liability Posted by Israel David, Samuel P. [read post]
12 Aug 2022, 4:00 am
., Aug. 10, 2022), the Delaware Supreme Court accepted the report of its Board on Professional Responsibility and involuntarily transferred a state bar member to disability inactive status. [read post]
12 Aug 2022, 3:00 am
We’ve blogged quite a bit over the past several years about the Delaware courts’ increasingly sympathetic approach to Caremark claims and their increasingly demanding view of what’s necessary for directors to fulfill their oversight responsibilities. [read post]
11 Aug 2022, 9:05 pm
On Kevin’s first birthday, the moving truck arrived to pack up our home in Delaware and move us to a small town near Madison, Wisconsin, where my husband had taken a new position. [read post]
11 Aug 2022, 3:44 pm
The Court of Chancery recently concluded that a member of a Delaware LLC could reach an implied contractual agreement to withdraw as a member of the LLC, even if the LLC does not have a written operating agreement. [read post]
11 Aug 2022, 12:31 pm
Musk on Wednesday filed a proposed order requesting that Delaware Court of Chancery Judge Kathaleen McCormick compel Twitter "to produce discovery from specific custodians. [read post]
11 Aug 2022, 3:30 am
It’s not every day that the Delaware Chancery Court enjoins a company’s annual meeting of stockholders, but that’s what happened to UpHealth, a recently de-SPACed health care services company. [read post]
11 Aug 2022, 3:00 am
The Ninth Circuit’s decision, which is friendly to Delaware corporations, generates uncertainty by splitting with the Seventh Circuit. [read post]
10 Aug 2022, 10:05 am
(Dobbs at 2133, citing an article by Kopel & Greenlee and an amicus brief that only identify Maryland laws forbidding carrying guns in the houses of the legislature and a Delaware constitutional provision prohibiting guns in polling places). [read post]
10 Aug 2022, 6:32 am
This post is part of the Delaware law series; links to other posts in the series are available here. [read post]
10 Aug 2022, 6:32 am
This post is part of the Delaware law series; links to other posts in the series are available here. [read post]
9 Aug 2022, 12:06 pm
PUMA North America Inc. is a Delaware Corporation, with its principal place of business in Somerville, Massachusetts and is one of the top five sportswear brands in the world by revenue. [read post]
9 Aug 2022, 6:32 am
This post is based on their Wachtell memorandum, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
9 Aug 2022, 6:32 am
This post is based on their Wachtell memorandum, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
9 Aug 2022, 3:00 am
In order to establish the existence of a proper purpose for a books & records demand under Section 220 of the DGCL, a stockholder must demonstrate a “credible basis” from which the Chancery Court may infer there is possible mismanagement that would warrant further investigation. [read post]
8 Aug 2022, 9:01 pm
For over 45 years, Delaware law has permitted directors of Delaware corporations to be exculpated from personal monetary liability to the extent such protections are set forth in the certificate of incorporation, subject to certain exceptions. [read post]
8 Aug 2022, 6:39 pm
Important Legal Principles From Court’s Opinion The Delaware Declaratory Judgment Act was an appropriate vehicle to present the issue for the Court to decide if one of the original 50/50 members remained as the sole member. [read post]
8 Aug 2022, 5:00 pm
Delaware’s Court of Chancery recently dismissed a shareholder challenge to The Trade Desk Inc. [read post]
8 Aug 2022, 12:38 pm
Bankruptcy Court in Delaware reduced the judgement to $4.5 million. [read post]
8 Aug 2022, 11:07 am
Other court cases in Delaware and New York are ongoing. [read post]
