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27 Apr 2018, 6:01 am
Steinman, Fried, Frank, Harris, Shriver & Jacobson LLP, on Thursday, April 26, 2018 Tags: Boards of Directors, Capital structure, Controlling shareholders, Corwin, Delaware cases, Delaware law, Dual-class stock, Mergers & acquisitions, Minority shareholders, Ownership structure, Securities regulation Testimony before the Financial Services and General Government Subcommittee of the House Committee on… [read post]
27 Apr 2018, 3:00 am
This Fried Frank memo reviews recent Delaware appraisal decisions and identifies situations in which Delaware courts are likely to make awards that are lower than the deal price – as well as those in which it isn’t. [read post]
26 Apr 2018, 9:36 am
Arizona and Delaware recently joined the list of states that have toughened their breach notification laws, while attorneys general have stepped up enforcement activities in Massachusetts (Equifax), New York (Facebook), Pennsylvania (Uber) and other states. [read post]
26 Apr 2018, 6:03 am
Mangino, and is part of the Delaware law series; links to other posts in the series are available here. [read post]
26 Apr 2018, 5:42 am
Court filings say the man accused of shooting five people in Maryland and another in Delaware on the same day is planning an insanity defense for his Delaware trial. [read post]
25 Apr 2018, 6:01 am
There is already case law in Delaware holding that it is inequitable for directors to refuse to grant a waiver of an advance notice deadline under such circumstances. [read post]
24 Apr 2018, 9:36 am
(Ironically, the book ends with a lengthy discussion and citation of Delaware Supreme Court Chief Justice and former Chancellor Leo Strine, who strongly disagrees with the Citizens United decision. [read post]
24 Apr 2018, 5:00 am
Despite the extremely high bar for showing corporate waste, the Delaware Court of Chancery held that demand was partly excused in a shareholder action challenging compensation paid to former CBS executive chairman and controlling stockholder Sumner Redstone. [read post]
23 Apr 2018, 11:27 am
The Delaware Court of Chancery denied access to a reporter seeking access to court records relating to the Theranos affair Theranos, Inc. is a life sciences company that claimed to revolutionize the laboratory testing industry with innovative methods for drawing... [read post]
23 Apr 2018, 8:28 am
Key Findings Property tax limitations have been adopted in forty-six states and the District of Columbia, though their designs and restrictiveness differ widely. [read post]
23 Apr 2018, 6:09 am
In this regard, it is rare for Delaware courts to find that a stockholder with such “relatively low” ownership levels is a controller. [read post]
23 Apr 2018, 3:41 am
There’s an important difference between New York’s LLC Law and its Delaware and Nevada counterparts. [read post]
22 Apr 2018, 7:06 pm
The post Blockchain Technology and Delaware Corporate Law appeared first on Delaware Corporate & Commercial Litigation Blog. [read post]
22 Apr 2018, 7:55 am
And I remember Richie Ashburn (because my father and grandfather — in Delaware — watched the Phillies in those days). [read post]
21 Apr 2018, 2:00 am
I tell my students that corporate waste technically may be a mechanism for defeating the business judgment rule in the absence of any other evidence of lack of compliance with fiduciary duty, but - as one Delaware decision put it... [read post]
20 Apr 2018, 6:01 am
Haas and Meghan Garrant, Hunton Andrews Kurth LLP, on Thursday, April 19, 2018 Tags: Business judgment rule, Controlling shareholders, Corwin, Cross-border transactions, Delaware cases, Delaware law, Fairness review, Fiduciary duties, Merger litigation, Mergers & acquisitions, REITs [read post]
19 Apr 2018, 6:24 am
The Delaware Court of Chancery recently held that individual members of Rouse Properties Inc. [read post]
19 Apr 2018, 5:51 am
By order dated April 16, 2018, the Delaware Supreme Court has amended Delaware Supreme Court Rule 14(g)(i). [read post]
19 Apr 2018, 4:30 am
Hernán Serrano, Síndico de Caribbean Petroleum LP, inició un procedimiento judicial en contra de Camioneros Cooperativa de Transporte de Carga (en adelante “Camioneros”) ante el Tribunal de Quiebras de Estados Unidos para el Distrito de Delaware. [read post]
19 Apr 2018, 3:18 am
As for Delaware, the DGCL uses the term “stockholder”. [read post]
