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18 Apr 2024, 2:05 pm by Steve Bainbridge
First, corporate law outside Delaware does contemplate that some transactions approved by the shareholders become non-reviewable. [read post]
8 Apr 2024, 4:22 am by Peter Mahler
Delaware law, for example, does not authorize a claim for judicial dissolution of a close corporation based on shareholder oppression. [read post]
7 Apr 2024, 9:05 pm by renholding
However, following self-interest does not automatically yield socially positive results when not channeled into productive work and investments that predictably redound to collective well-being. [read post]
2 Apr 2024, 9:05 pm by renholding
” ENDNOTE [1] See Order, Lujan Claimants v. [read post]
2 Apr 2024, 9:01 pm by renholding
New Section 147 is being added in light of the Delaware Court of Chancery’s opinion in Sjunde AP-Fonden v. [read post]
21 Mar 2024, 1:01 pm by Joshua Smeltzer
Furthermore, the Tax Court found that that the Limited Partner Exception does not apply to a partner who is limited in name only. [read post]
18 Mar 2024, 4:32 am by Peter Mahler
The Appellate Division last week in Behler v Tao (read here) affirmed the order below in a 3-2 decision featuring a majority opinion authored by Presiding Justice Sallie Manzanet-Daniels, applying what she labels “explicitly contractarian” Delaware LLC law “sometimes leading to harsh results,” and a dissenting opinion authored by Justice Ellen Gesmer exalting “basic principles of contract law and fundamental fairness. [read post]