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Chancery Court rules director and funds he represented were ‘joint clients’ in privilege circle
1 Apr 2023, 7:43 pm by Francis Pileggi
In his March 9 memorandum opinion, Vice  Chancellor Travis Laster granted the motion of two venture  capital investment fund plaintiffs to compel discovery of information about  how the FairXchange’s  board set the price in a sale of the  company to Coinbase Global, Inc. [read post]
Delaware Corporate and Commercial Litigation Blog - http://www.delawarelitigation.com/
Officer Exculpation: Del. Chancery Says No Class Vote Required
30 Mar 2023, 3:30 am by John Jenkins
Yesterday, Vice Chancellor Laster issued an oral ruling holding that companies with multiple classes of stock don’t have to hold a separate class vote on officer exculpation charter amendments. [read post]
TheCorporateCounsel.net Blog - http://www.thecorporatecounsel.net/Blog/
Meta Board and Execs Hit with Oversight Duty Breach Claim Based on Trafficking Allegations
23 Mar 2023, 12:55 pm by Kevin LaCroix
” However, in series of cases following the Delaware Supreme Court’s 2019 decision in Marchand v. [read post]
The D & O Diary - http://www.dandodiary.com/
Choice Of Law And Holding Companies
20 Mar 2023, 12:15 am
Transcript, Strategic Funding Source Holdings LLC v. [read post]
California Corporate & Securities Law - https://www.calcorporatelaw.com/
Breach of Duty of Oversight Claims Against McDonald’s Directors Dismissed
7 Mar 2023, 2:01 pm by Kevin LaCroix
These decisions, Laster said, are “similarly debatable. [read post]
The D & O Diary - http://www.dandodiary.com/
Maybe Caremark is not the Chicken Heart After All: VC Laster Disposes of Shareholder Suit over McDonald's Corporate Culture
1 Mar 2023, 12:04 pm by Steve Bainbridge
On a personal note, I was flattered that VC Laster cited some of my work in the course of his opinion: [read post]
ProfessorBainbridge.com - http://www.professorbainbridge.com/professorbainbridgecom/
Guest Post: The State of Private Equity in 2023: Is a Maelstrom on the Horizon?  
13 Feb 2023, 5:59 am by Kevin LaCroix
[v] The court also considered Delaware’s strong interest in providing a forum for disputes regarding the internal affairs of LLCs formed under its laws. [read post]
The D & O Diary - http://www.dandodiary.com/
Delaware Court of Chancery Holds that Officers of a Delaware Corporation Are Subject to Fiduciary Duty of Oversight
7 Feb 2023, 2:13 pm by Alejandro Moreno and Eugene Choi
Jan. 26, 2023), the Delaware Court of Chancery (Laster, V.C.) held that officers of a Delaware corporation are subject to a fiduciary duty of oversight as articulated in In re Caremark International Inc. [read post]
Corporate Securities Law Blog - http://www.corporatesecuritieslawblog.com/
Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations
7 Feb 2023, 6:30 am
” Among others, VC Laster cited Caremark itself, the equating of officer duties with director duties in Gantler v. [read post]
Harvard Law School Forum on Corporate Governance - https://corpgov.law.harvard.edu
Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations
7 Feb 2023, 6:30 am
” Among others, VC Laster cited Caremark itself, the equating of officer duties with director duties in Gantler v. [read post]
The Harvard Law School Corporate Governance Blog - https://corpgov.law.harvard.edu/
Chancery says demand not excused against pharma’s board after seeing result of opioid damages trial
4 Feb 2023, 5:26 pm by Francis Pileggi
  City of Huntington v. [read post]
Delaware Corporate and Commercial Litigation Blog - http://www.delawarelitigation.com/
Breach of the Duty of Oversight Liability Extends to Officers as Well as Directors
26 Jan 2023, 11:29 am by Kevin LaCroix
” Vice Chancellor Laster determined that the plaintiffs’ claims against Fairhurst were of the red flags variety. [read post]
The D & O Diary - http://www.dandodiary.com/
In re McDonald's Corp. Stockholder Litig.: Caremark is the Chicken Heart
25 Jan 2023, 2:44 pm by Steve Bainbridge
Caremark started out as a logical consequence of Smith v. [read post]
ProfessorBainbridge.com - http://www.professorbainbridge.com/professorbainbridgecom/
Chancery’s novel timeliness ruling gives opioid suit against AmerisourceBergen board a little more time
22 Jan 2023, 6:17 pm by Francis Pileggi
Lebanon County Employees’ Retirement Fund, et al. v. [read post]
Delaware Corporate and Commercial Litigation Blog - http://www.delawarelitigation.com/
Guest Post: Dell Agrees to $1 Billion Shareholder Suit Settlement
1 Dec 2022, 1:58 pm by Kevin LaCroix
Laster. [read post]
The D & O Diary - http://www.dandodiary.com/
Delaware Now Authorizes Exculpation Of Officers, But On What Basis?
21 Oct 2022, 12:15 am
Laster,  581 A.2d 1127, 1134 (Del. 1990). [read post]
California Corporate & Securities Law - https://www.calcorporatelaw.com/
Magic Words Still Matter, and Equitable Defenses Can’t Save a “Void” Transfer
19 Sep 2022, 4:25 am by Peter J. Sluka
In XRI Investment Holdings LLC v Holifield, No. 2021-0619 [Del. [read post]
New York Business Divorce - http://www.nybusinessdivorce.com/
Twitter v. Musk: When It Comes to Privilege, “It’s Good to be da King!”
15 Sep 2022, 3:00 am by John Jenkins
It looks like my choices have come down to either blogging about another one of Vice Chancellor Laster’s 100+ page opinions or biting the bullet & blogging about Elon Musk and Twitter. [read post]
DealLawyers.com Blog - http://www.deallawyers.com/Blog/
[Eugene Volokh] Ohio Court Recognizes Telephonic Marriage Ceremony Under Bangladesh Sharia Law Between Two Bangladesh Citizens
8 Aug 2022, 6:05 am by Eugene Volokh
From Momotaz v. [read post]
The Volokh Conspiracy - http://www.volokh.com/
Chancery Decision Expands the Court’s Approaches on Director Independence
5 Aug 2022, 6:31 am
The Goldstein v. [read post]
Harvard Law School Forum on Corporate Governance - https://corpgov.law.harvard.edu