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13 Oct 2011, 8:19 am by Edward M. McNally
., C.A.6176-VCP (October 13, 2011) Some corporate mergers give stockholders of the acquired company an option to take cash or the stock of the acquiror. [read post]
27 Jan 2012, 11:32 am by Edward M. McNally
Gatz Properties LLC, C.A. 4390-CS (January 27, 2012) It is often the case that a controlling owner wants to eliminate the minority interests. [read post]
18 Apr 2012, 1:32 pm by Edward M. McNally
., C.A. 7404-VCN (April 18, 2012) An advance notice bylaw requires stockholders to tell their company substantially in advance of a stockholders' meeting if they want to nominate someone to to be elected as a director at that upcoming meeting. [read post]
22 Jul 2011, 10:16 am by Edward M. McNally
.,  C.A. 5772-VCN (July 22, 2011) When a director is sued, he often is entitled to have his attorney fees advanced by his company, even when it is his former company. [read post]
9 Mar 2011, 12:07 pm by Edward M. McNally
., C.A. 4729-CC (March 9, 2011) There are several different ways to value an enterprise. [read post]
9 May 2012, 1:15 pm by Edward M. McNally
., C.A. 1091-VCL (May 9, 2012) When the Court tasked with reviewing a settlement proposal in a derivative action is faced with apparently well-intentioned objectors who want to go to trial and not settle, deciding what to do is not easy. [read post]
31 Aug 2012, 8:44 am by Edward M. McNally
In re: Encore Energy Partners LP Unitholder Litigation, C.A. 6347-VCP (August 31, 2012) Delaware limited partnership agreements frequently have provisions governing how to deal with conflict of interests between the GP, the limited partners and the owners of the GP. [read post]
27 Mar 2008, 1:42 pm
., C.A. 613/615, 2007 (March 27, 2008)This comprehensive decision explains Delaware law on the settlement of a class action when the proceeds of a settlement will involve buyers, sellers, and holders of stock in a Delaware corporation. [read post]
12 Nov 2009, 6:46 am by Edward M. McNally
Krohn Racing LLC, C.A. 4479-VCN (November, 12, 2009) The Delaware Limited Liability Company Act permits the Court of Chancery to dissolve an LLC when it is not "reasonably practicable to carry on the business" of the LLC. [read post]
21 Feb 2012, 8:36 am by Edward M. McNally
Laudamiel, C.A. 5957-VCN (February 21, 2012) This decision resolves who may bring a derivative claim after an LLC has been dissolved. [read post]
9 Nov 2010, 1:01 pm by Edward M. McNally
., C.A. 5772-VCN (November 9, 2010) Once the right to fee advancement has been determined, there remains the potentially vexing question of how to determine if the fees on any given statement are reasonable. [read post]
9 Dec 2009, 12:12 pm by Edward M. McNally
Genger, C.A. 3994-VCS (December 9, 2009) This is the most important recent decision on the Court's handling of discovery of emails and other e-documents. [read post]
10 Apr 2012, 10:30 am by Edward M. McNally
Michael, C.A. 7164-VCN (April 10, 2012) A year or so ago, the DGCL was amended to permit the removal of a director by the Court of Chancery. [read post]
5 May 2010, 4:50 am by Edward M. McNally
Maginn, C.A. 4521-CC (May 5, 2010) This decision addresses the prevously unanswered question of whether preferred stockholders may bring a derivative suit. [read post]