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17 Jul 2022, 9:05 pm
As precedent for that prediction consider that Delaware courts cited the Principles only 19 times in the 26 years from 1996 to 2022.[22] Second, because Delaware law provides such a large body of highly respected case law, non-Delaware jurisdictions looking for guidance will look to Delaware instead of a Restatement. [read post]
17 Jul 2022, 9:01 pm
Of the 73 settlements during the first six months of 2022, the most popular court venues were as follows: USDC California (Central) – Nine settlements valued at $288.7 Million USDC New York (Southern) – Nine settlements valued at $251.1 Million Delaware Court of Chancery – Seven settlements valued at $232.2 Million USDC New Jersey – Seven settlements valued at $141.1 Million USDC California (Northern) – Five settlements valued at $255.0 Million Looking outside… [read post]
17 Jul 2022, 9:00 pm
Twitter responded last week by suing Musk in Delaware Chancery Court. [read post]
17 Jul 2022, 11:54 am
Momentus, Inc. is a Delaware corporation based in California seeking to develop and provide commercial space services. [read post]
17 Jul 2022, 3:45 am
Jack knows that the Delaware corporate statute requires an organizational meeting for the election of directors and then board action to issue shares and elect officers. [read post]
16 Jul 2022, 8:17 am
This post is based on their Freshfields memorandum, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
16 Jul 2022, 8:17 am
This post is based on their Freshfields memorandum, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
15 Jul 2022, 2:47 pm
But they can't change Delaware law. [read post]
15 Jul 2022, 1:57 pm
By contrast, if you sue the same Delaware corporation and New York resident, but also name a New Jersey resident, that’s incomplete diversity, and that generally would prevent removal to federal court. [read post]
15 Jul 2022, 8:58 am
(credit: Delaware Court of Chancery ) Elon Musk has reason to worry about the Delaware Court of Chancery judge handling Twitter's lawsuit against him. [read post]
15 Jul 2022, 6:29 am
Musk: The Complaint Posted by Anna Restuccia (Harvard Law School), on Thursday, July 14, 2022 Tags: Acquisition agreements, Delaware cases, Delaware law, Elon Musk, Merger litigation, Mergers & acquisitions, Social media, Termination, Twitter Statement by Commissioner Peirce on Adoption of Amendments to the Rules Governing Proxy Voting Advice Posted by Hester M. [read post]
15 Jul 2022, 6:29 am
Musk: The Complaint Posted by Anna Restuccia (Harvard Law School), on Thursday, July 14, 2022 Tags: Acquisition agreements, Delaware cases, Delaware law, Elon Musk, Merger litigation, Mergers & acquisitions, Social media, Termination, Twitter Statement by Commissioner Peirce on Adoption of Amendments to the Rules Governing Proxy Voting Advice Posted by Hester M. [read post]
15 Jul 2022, 5:10 am
" At least in the region where I lived, the place with the famous Chancery Court, Delaware. [read post]
15 Jul 2022, 4:33 am
John Patrick Hunt on Elon Musk and Twitter Part III: Alternatives to the Specific Performance of Merger Agreements As explored in the previous posts (1 & 2) in this series, Delaware law seems to provide for specific performance of merger... [read post]
14 Jul 2022, 9:06 pm
The sick people live in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Minnesota, Michigan, Missouri, Montana, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington and Wisconsin. [read post]
14 Jul 2022, 7:37 am
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE TWITTER, INC., Plaintiff, v. [read post]
14 Jul 2022, 7:37 am
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE TWITTER, INC., Plaintiff, v. [read post]
14 Jul 2022, 6:49 am
Recently in Florida, a South Florida personal injury lawsuit against Bird Rides, an electric scooter rental company, was moved from the state circuit court in Broward County to the federal Florida Southern District Court, citing the foreign status of the company (headquartered in Delaware) and the amount of damages being sought (more than $75,000). [read post]
14 Jul 2022, 4:03 am
Lawyers for Twitter filed a lawsuit in the Delaware Court of Chancery on Tuesday after Musk’s lawyers wrote to Twitter and stated that Musk wished to terminate the acquisition agreement due to a breach of terms. [read post]
14 Jul 2022, 3:52 am
John Patrick Hunt on Elon Musk and Twitter Part II: Specific Performance of Merger Agreements In yesterday’s post, I provided background on the availability of specific performance as a remedy in the context of acquisitions under Delaware law. [read post]
