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16 Aug 2022, 3:59 pm
As the late Delaware Supreme Court Justice Randy Holland observed, "the Delaware Supreme Court refined the business judgment rule in what is now a seminal case--Aronson v. [read post]
16 Aug 2022, 2:51 pm
From today's opinion of the Delaware Supreme Court in Cousins v. [read post]
16 Aug 2022, 3:40 am
Seven additional states (Arkansas, Delaware, Iowa, Mississippi, Missouri, Montana, and West Virginia), as well as the District of Columbia, fail to double bracket widths but offset their marriage penalty in the bracket structure by allowing married taxpayers to file separately on the same return, avoiding loss of credits and exemptions. [read post]
13 Aug 2022, 3:13 pm
The Delaware code, like the corporate law of virtually every other state, gives us a clear answer: the corporation’s “business and affairs ... shall be managed by or under the direction of the board of directors. [read post]
12 Aug 2022, 11:43 am
The Court expressly stated that the appraised share price includes the pre-closing dividend as if it were not issued. [read post]
12 Aug 2022, 10:33 am
Delaware, A/K/A Authorhouse for copyright infringement and counterfeiting of his work Mixed Blessings. [read post]
12 Aug 2022, 6:51 am
Niles, Wachtell, Lipton, Rosen & Katz, on Tuesday, August 9, 2022 Tags: Board oversight, Boards of Directors, Compliance & ethics, Corporate liability, Delaware cases, Delaware law, In re Caremark, Risk Second Circuit on Stating a Claim for Scheme Liability Posted by Israel David, Samuel P. [read post]
12 Aug 2022, 6:51 am
Niles, Wachtell, Lipton, Rosen & Katz, on Tuesday, August 9, 2022 Tags: Board oversight, Boards of Directors, Compliance & ethics, Corporate liability, Delaware cases, Delaware law, In re Caremark, Risk Second Circuit on Stating a Claim for Scheme Liability Posted by Israel David, Samuel P. [read post]
12 Aug 2022, 4:00 am
., Aug. 10, 2022), the Delaware Supreme Court accepted the report of its Board on Professional Responsibility and involuntarily transferred a state bar member to disability inactive status. [read post]
11 Aug 2022, 9:05 pm
Editor’s note: This story was originally published by The Ohio State University and is republished here with permission. [read post]
11 Aug 2022, 3:00 am
.; 5/22), the 9th Circuit upheld a prior district court ruling dismissing federal disclosure claims and state law derivative claims on the basis of an exclusive forum bylaw designating the Delaware Court of Chancery as the exclusive forum for derivative suits. [read post]
10 Aug 2022, 10:05 am
In New York State Rifle & Pistol Association, Inc. v. [read post]
9 Aug 2022, 6:32 am
In 2019, the Delaware Supreme Court’s decision in Marchand reminded boards that although the Caremark standard only requires a good faith effort to put in place and attend to a reasonable compliance structure, a plaintiff could state a claim against directors by pleading facts suggesting that the board failed to make any effort to ensure that a board-level system of oversight was in place to address a mission critical risk. [read post]
9 Aug 2022, 6:32 am
In 2019, the Delaware Supreme Court’s decision in Marchand reminded boards that although the Caremark standard only requires a good faith effort to put in place and attend to a reasonable compliance structure, a plaintiff could state a claim against directors by pleading facts suggesting that the board failed to make any effort to ensure that a board-level system of oversight was in place to address a mission critical risk. [read post]
8 Aug 2022, 12:38 pm
Bankruptcy Court in Delaware reduced the judgement to $4.5 million. [read post]
8 Aug 2022, 11:07 am
Other court cases in Delaware and New York are ongoing. [read post]
8 Aug 2022, 9:23 am
Finally, in Delaware Riverkeeper Network v. [read post]
8 Aug 2022, 3:10 am
Why apply a New York statute to a transaction where the surviving entity was organized under Delaware law? [read post]
7 Aug 2022, 3:11 pm
The court explained that the state of the law in Delaware regarding the analysis of the duty of care of an officer applies the “Director Model”. [read post]
7 Aug 2022, 11:22 am
The complaint also alleges that in later statement, Armstrong apologized and stated that the company “should have updated our retail terms sooner, and we didn’t communicate proactively when this risk disclosure was added. [read post]
