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8 Sep 2015, 3:28 am by Peter Mahler
The written operating agreement executed by defendants without plaintiff’s consent, and the amendment of the LLC’s articles of organization changing it to a manager-managed LLC, are both valid under LLC Law § 402(c)(3) stating in pertinent part, “Except as provided in the operating agreement, . . . [read post]
7 Sep 2015, 2:47 pm by Kevin LaCroix
  Delaware Passes Law Banning Fee-Shifting Bylaws: The Delaware legislature overwhelmingly passed S.B. 75, which prohibits Delaware stock corporations from adopting “loser pays” fee-shifting bylaws and which confirms that Delaware corporations may adopt bylaws designating Delaware courts as the exclusive forum for shareholder litigation. [read post]
3 Sep 2015, 1:01 am by rhapsodyinbooks
” The most important article of the treaty was the first, which declared: His Brittanic Majesty acknowledges the said United States, viz., New Hampshire, Massachusetts Bay, Rhode Island and Providence Plantations, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, South Carolina and Georgia, to be free sovereign and independent states, that he treats with them as such, and for himself, his heirs, and successors,… [read post]
3 Sep 2015, 1:01 am by rhapsodyinbooks
” The most important article of the treaty was the first, which declared: His Brittanic Majesty acknowledges the said United States, viz., New Hampshire, Massachusetts Bay, Rhode Island and Providence Plantations, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, North Carolina, South Carolina and Georgia, to be free sovereign and independent states, that he treats with them as such, and for himself, his heirs, and successors,… [read post]
2 Sep 2015, 3:40 pm by Carl Neff
 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]
2 Sep 2015, 7:02 am by John Jascob
Later that month, CertiSign purported to issue shares, but the amended certificate authorizing the issuance of the shares was not filed with the Delaware Secretary of State until April 1, 2005, rendering the stock issuances invalid. [read post]
2 Sep 2015, 5:49 am by Mary Jane Wilmoth
  VMware is a Delaware corporation that specializes in computer virtualization software and has its principal place of business in Palo Alto, California. [read post]
31 Aug 2015, 7:17 pm by Carl Neff
 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]
31 Aug 2015, 7:01 pm by Carl Neff
 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]
31 Aug 2015, 3:40 pm by Carl Neff
 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]
31 Aug 2015, 6:39 am by Carl Neff
 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]
31 Aug 2015, 3:26 am by Peter Mahler
This edition’s summaries feature two out-of-state cases — one from Florida involving expulsion of an LLC member and one from Delaware involving the valuation upon redemption of an LLC member’s interest — and a New York appellate court decision involving the removal of a limited partnership’s general partner. [read post]
30 Aug 2015, 3:07 pm by Sandy Levinson
  The current calendar for the Republican primaries indicates that the following states will be holding their primaries after March 15:  Arizona, Utah, Wisconsin, Connecticut, Delaware, Maryland, Pennsylvania, Rhode Island, Indiana, Nebraska, West Virginia, Oregon, California, Montana, New Jersey, New Mexico, South Dakota, and DC. [read post]
28 Aug 2015, 1:26 pm by Francis Pileggi
  The court found that the state of management of the corporation devolved into one of complete dysfunction between the two directors/stockholders who were also co-CEOs. [read post]
27 Aug 2015, 5:17 am by Kent Berk
  Joining Delaware and Washington, Missouri has become the third state to pass a law that can help protect the elderly from financial exploitation. [read post]
25 Aug 2015, 3:00 am by Jeff Welty
Consider a North Carolina officer seeking to obtain records from Verizon, which is incorporated in Delaware and headquartered in New York, and which presumably has servers in multiple locations in the United States and abroad. [read post]
24 Aug 2015, 5:53 am by Brian Nussbaum
  In fact, at least one stateDelaware – has acknowledged this publicly. [read post]