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8 Nov 2022, 12:08 pm
Most states require LLCs to pay an Annual Franchise Tax. [read post]
17 Jun 2016, 6:05 am
Halper, Orrick, Herrington & Sutcliffe LLP, on Monday, June 13, 2016 Tags: Fund litigation, Fund managers, Fund performance, Jurisdiction, Private equity, SEC, SEC enforcement, Securities enforcement, U.S. federal courts Citigroup: Delaware Court on “Holder Claims” Posted by Meredith Kotler, Cleary, Gottlieb, Steen & Hamilton LLP, on Tuesday, June 14, 2016 Tags: Delaware cases, Delaware law, Derivative suits, Disclosure, Fiduciary duties,… [read post]
27 Jan 2017, 3:00 am
Indeed, in its decision, the Court discussed at length the motivations behind the 2015 DGCL Amendments, including the Corporation Law Council of the Delaware State Bar Association’s desire to limit fee-shifting following the Delaware Supreme Court’s decision in ATP Tour, Inc. [read post]
24 Jun 2009, 8:46 pm
In no particular order, blogging the way it is done on this blog, which includes primarily summarizing the key corporate and commercial decisions from Delaware's Supreme Court and Chancery Court, as well as providing related commentary from leading experts, counts among its benefits the following: Thousands of readers, from all 50 states and over 100 countries, have come to expect prompt summaries on these pages of decisions from Delaware's… [read post]
1 Sep 2023, 7:06 am
In 2005, the Delaware Supreme Court reasoned in Doe v. [read post]
24 Jun 2010, 11:14 pm
At first glance this seems to be a great twist for those of us who remain skeptical of the federal government’s intrusion into this foundational issue of state law. [read post]
16 Apr 2009, 9:00 am
Other types of entities and other states’ laws that may have different treatment of defense costs and indemnification. [read post]
4 Feb 2015, 5:20 am
Here’s the intro paragraph: The public policies of California and Delaware both espouse freedom. [read post]
30 Nov 2014, 10:07 am
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]
23 Nov 2015, 3:44 am
The Court of Chancery of the State of Delaware disagreed in this opinion. [read post]
16 Apr 2015, 3:20 am
A total of 275 cases were reported from 29 states and the District of Columbia (Figure 1). [read post]
8 Feb 2019, 12:30 pm
Delaware attorney longs to be a judge, but there's one problem: He's a "Bernie independent," and the Delaware Constitution limits service on the state's courts to members of the Democratic and Republican parties, who must be appointed in equal numbers. [read post]
18 Sep 2018, 3:37 am
The founders sought to enjoin Franco’s removal in an action in Washington state court, while the venture capital’s member sued in Delaware to enforce the terms of the operating agreements. [read post]
30 Mar 2020, 1:42 pm
Whether companies take on fiduciary duties to creditors when they approach the “zone of insolvency” is very much a matter of state law. [read post]
2 Aug 2008, 3:18 am
Further, it was stated that the word ‘death' normally applies to the death of a natural person. [read post]
28 Apr 2021, 1:21 pm
The forum selection clause provides, in pertinent part, that: “Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Corporation; (ii) any action or proceeding asserting a claim of breach of a fiduciary duty owed by and director, officer, employee or agent of the Corporation to the… [read post]
23 Mar 2011, 12:53 pm
Rather, at least gross negligence must be alleged to state a claim. [read post]
2 Nov 2023, 12:59 pm
Delaware LLCs do not have to meet any annual requirements, other than paying the Delaware Annual Franchise Tax. [read post]
26 Aug 2011, 9:13 am
During the Constitutional Convention in 1787, the delegates witnessed a demonstration of a new steamboat on the Delaware River, and realized that promoting technical progress would propel the future of the United States. [read post]
30 Oct 2007, 9:57 am
We handle DUI cases in Philadelphia, Bucks, Chester, Delaware, and Montgomery County, PA. [read post]