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30 Aug 2012, 10:42 am by James Hamilton
(Abrams v, Wainscott, DC Del., CA No. 11-297, RGA, Aug. 21, 2012)The Delaware Supreme Court has characterized the exercise of determining demand futility as deciding whether a reasonable doubt is created that: ( 1) the directors are disinterested and independent; and (2) the challenged transaction was otherwise the product of a valid exercise of business judgment. [read post]
16 May 2016, 11:48 am by Patrick Bracher
[Continental Casualty v Gargoyles Inc. et al., case number 1:14-cv-01183, in the U.S. [read post]
29 Jan 2021, 8:04 am by John Jascob
Meanwhile, Robinhood was hit with a class action complaint in the Southern District of New York for allegedly using the GameStop trading halt to manipulate the market on behalf of hedge funds (Nelson. v. [read post]
21 Dec 2012, 11:32 am
  Either way, the dismissal of the complaint must be reversed.Read the opinion if you invest in stocks and wonder if companies engage in accounting tricks to manipulate earnings numbers. [read post]
14 May 2011, 6:39 am by Larry Ribstein
  The only deception, according to the Supreme Court in U.S. v. [read post]
17 Aug 2021, 11:43 am by John Jascob
However, the plaintiff says that the planned vote on the amendment violates the Delaware General Corporation Law by requiring Class A (public) stockholders to vote together with the SPAC’s sponsor, which owns Class B stock (Bass v. [read post]