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16 Apr 2020, 4:47 pm
Delaware: On April 15th, Governor John Carney issued the Eleventh Modification of the Declaration of the State of Emergency regarding the COVID-19 crisis, extending the public state of emergency until further notice. [read post]
16 Apr 2020, 4:14 pm
., which is pending in the Bankruptcy court for the District of New Jersey, state-mandated store closures scuttled the debtors’ plans to conduct immediate going out of business sales. [read post]
16 Apr 2020, 12:59 pm
Because PIR is a nonprofit organization incorporated in Pennsylvania, the Attorney General of that state has the power to go to court to stop it becoming a for-profit company. [read post]
15 Apr 2020, 4:04 pm
Last week, Judge Connolly in Delaware denied a 101 motion to dismiss at the pleading stage in Sound View Innovations, LLC v. [read post]
15 Apr 2020, 3:16 pm
Last year, applying the Delaware Chancery Court’s Caremark duty of loyalty standard, the Delaware Supreme Court reaffirmed director liability where a board of directors fails to establish a reporting process for essential compliance and governance matters. [read post]
15 Apr 2020, 6:00 am
” In cases, such as DFC Global, Dell, and Aruba, the Delaware Supreme Court stated that when an acquisition is done at “arms’ length” and when there is sufficient competition for the target, either before or after the agreement has been signed, the deal price is a reliable indicator of “fair value” of the target’s shares. [read post]
14 Apr 2020, 2:37 pm
Cuomo, New Jersey Governor Phil Murphy, Connecticut Governor Ned Lamont, Pennsylvania Governor Tom Wolf, Delaware Governor John Carney and Rhode Island Governor Gina Raimondo today announced the creation of a multi-state council to restore the economy and get people back to work. [read post]
14 Apr 2020, 10:16 am
On the east coast, the governors of New York, New Jersey, Connecticut, Pennsylvania, Delaware, Massachusetts and Rhode Island have created a pact to coordinate on an eventual end to social distancing measures. [read post]
14 Apr 2020, 7:03 am
” Under this definition, asset managers should be permitted to allow personnel to continue operations in their Delaware offices. [read post]
13 Apr 2020, 8:39 am
Only 900 feet from the ship’s intended destination, it struck a nine ton anchor that was abandoned in the Delaware River. [read post]
13 Apr 2020, 7:00 am
The Supreme Court of Delaware reversed. [read post]
13 Apr 2020, 7:00 am
The Supreme Court of Delaware reversed. [read post]
13 Apr 2020, 3:03 am
When Delaware Chief Justice Leo Strine retired last fall, Liz blogged about his proposal that would recommit to “New Deal” concepts focused on workers’ rights and a reformed shareholder voting/proposal process. [read post]
12 Apr 2020, 6:39 pm
Carl is admitted in the State of Delaware and regularly practices before the Delaware Court of Chancery, with an emphasis on shareholder disputes. [read post]
12 Apr 2020, 1:45 pm
” The Delaware Supreme Court said that these allegations were sufficient to state a claim for alleged breach of the duty of oversight and allowed the claim to go forward. [read post]
10 Apr 2020, 7:13 am
The Court noted that the employer was incorporated in Delaware and held that this was a sufficient basis on which to apply Delaware law to the restrictive covenant. [read post]
10 Apr 2020, 6:01 am
Bachelder, McCarter & English LLP, on Monday, April 6, 2020 Tags: ESG, Executive Compensation, Incentives, Long-Term value, Pay for performance, Shareholder value, Stakeholders Federal Forum Provision Possible Impact on D&O Insurance Posted by Boris Feldman, Wilson Sonsini Goodrich & Rosati, on Monday, April 6, 2020 Tags: D&O insurance, Delaware cases, Delaware law, Forum… [read post]
9 Apr 2020, 4:38 pm
Other States. [read post]
9 Apr 2020, 10:33 am
Eventually, should states take too long to repay these loans, technically called Title XII advances, in-state employers will face higher federal unemployment insurance taxes to compensate for their state’s indebtedness. [read post]
8 Apr 2020, 3:55 pm
All Lines of Insurance Delaware: On April 6th, Governor John Carney issued the Tenth Modification of the Declaration of the State of Emergency regarding the COVID-19 crisis. [read post]
