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30 Jul 2019, 5:45 am
Municipal Income Tax Revenue as a Percentage of State Adjusted Gross Income Local Tax Collections Local Revenue Alabama 0.10% 2.12% 0.55% California (a) (a) (a) Colorado (b) (b) (b) Delaware 0.19% 5.70% 1.62% Indiana 0.73% 6.31% 4.32% Iowa 0.11% 1.80% 0.60% Kansas (c) (c) (c) Kentucky 1.29% 26.22% 9.03% Maryland 2.28% 33.69% 17.72% Michigan 0.17% 3.77% 1.05% Missouri 0.23% 3.83% 1.49% New Jersey (a) (a) (a) New York 1.49% 12.04% 5.93% Ohio 1.56% 22.12% 9.07% Oregon (d) (d) (d)… [read post]
29 Jul 2019, 2:22 pm
June 18, 2019), the Delaware Supreme Court (Strine, C.J.) reversed a Delaware Court of Chancery (Slights, V.C.) order dismissing a derivative claim alleging that an members of the board of directors of an ice cream company breached their duty of loyalty under In re Caremark Int’l Inc. [read post]
29 Jul 2019, 7:21 am
Connecticut, Maine, Nebraska and Wisconsin have now joined Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, Utah, Virginia, and West Virginia bringing the list of states which have enacted legislation to facilitate the deployment of wireless small cells to 28. [read post]
29 Jul 2019, 6:01 am
” Further, unlike the Delaware and Pennsylvania Acts, the NJ Act did not contain an anti-discrimination clause. [read post]
28 Jul 2019, 7:36 pm
Here is a sample question and results: In how many cases has Irell & Manella appeared in front of Judge Richard Andrews in the District of Delaware? [read post]
28 Jul 2019, 6:24 pm
Each entity was organized as a Delaware LLC. [read post]
28 Jul 2019, 10:23 am
The Delaware Superior Court’s July 23, 2019 decision can be found here. [read post]
28 Jul 2019, 7:00 am
Background of Ratification and Validation Statutes In 2013, the Delaware General Assembly amended the Delaware General Corporation Law (the “DGCL”) to include new Sections 204 and 205 (together, the “Delaware Statutes”) which permit a Delaware corporation to restore certainty to the corporate foundation and capital structure as they were understood to have already existed. [read post]
26 Jul 2019, 11:45 am
IPNews® – The battle between Yosemite and Delaware North over ownership of the iconic names associated with Yosemite has finally concluded. [read post]
26 Jul 2019, 9:44 am
Walmart’s “Great Value Mild Taco Seasoning Mix” and “HEB Taco Seasoning Mix Reduced Sodium” were sold in retail grocery stores in Washington D.C. and the following states: Alabama, Arizona, Arizona, California, Colorado, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Jersey, New… [read post]
26 Jul 2019, 6:18 am
This post is based on their Wachtell Lipton memorandum, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
26 Jul 2019, 6:17 am
Griffith (Fordham University), on Monday, July 22, 2019 Tags: Acquisition premiums, Delaware articles, Delaware cases, Delaware law, Fairness review, Fiduciary duties, Jurisdiction, Merger litigation, Mergers & acquisitions, Negotiation, Revlon A Banner Proxy Season for Political Disclosure and Accountability Posted by Bruce F. [read post]
25 Jul 2019, 9:11 am
Alfa Laval Inc. et al – United States District Court – United States District Court – District of Delaware – July 19th, 2019) involves a claim of asbestos exposure. [read post]
25 Jul 2019, 8:14 am
Lawyers, and directors in Delaware corporations, long have cast a wary eye in the direction of the 1996 Caremark Delaware decision, which stands for the proposition that directors need not only be attentive and wholly loyal, but also have a seeming sub-duty to “oversee” important aspects of their corporation’s business. [read post]
25 Jul 2019, 3:38 am
This July-August issue of the Deal Lawyers print newsletter was just posted – & also mailed – and includes articles on: – RSI Holdco: Delaware Chancery Court Upholds Seller’s Privilege Claim – Important State & Local Tax Considerations in M&A – Revlon Lives: Delaware Chancery Declines to Apply Corwin Doctrine – Delaware Appraisal: The Road […] [read post]
24 Jul 2019, 9:46 pm
Noonan -- Last month, the Federal Circuit affirmed decisions from four separate trials in the District of Delaware involving seven different defendants regarding validity and infringement of patents directed to an opioid addiction treatment in Indivior Inc. v. [read post]
24 Jul 2019, 3:04 pm
In 2010, an Illinois court reviewed Delaware business law making the following observations: With respect to a limited liability corporation, Delaware law states that “[u]nless otherwise provided in a limited liability company agreement, the management of a limited liability company... [read post]
24 Jul 2019, 2:37 pm
Weinberg Center for Corporate Governance and the Department of Finance at the University of Delaware will host a Corporate Governance Symposium on March 17, 2020. [read post]
And the “Hits” Just Keep on Coming . . . Updates in the World of Medical Marijuana and the Workplace
24 Jul 2019, 2:00 pm
If the Court reviews a recent decision of the Superior Court of Delaware, it may be inclined to agree with Ms. [read post]
24 Jul 2019, 3:00 am
Here’s an excerpt: On July 10, 2019, Blockstack Token LLC (“Blockstack”), a wholly-owned subsidiary of Blockstack PBC, a Delaware public benefit corporation, became the first company to have an offering of digital assets qualified by the U.S. [read post]