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Shareholders may state a derivative claim for insider trading without alleging injury to the company--so held the Delaware Supreme Court in an opinion it recently issued in Kahn v. [read post]
On September 25, 2012, Vice Chancellor Travis Laster of the Court of Chancery of the State of Delaware dismissed the derivative complaint in South v. [read post]
16 Oct 2012, 2:00 am by Kara OBrien
Here is an excerpt from their memo discussing the decision: On September 25, 2012, Vice Chancellor Travis Laster of the Court of Chancery of the State of Delaware dismissed the derivative complaint in South v. [read post]
27 Mar 2023, 9:01 pm by renholding
Note, however, that this figure does not include class action suits filed in state court or state court derivative suits, including those in the Delaware Court of Chancery. [read post]
Much of the uncertainty concerning the current state of the law on shareholder rights plans originates from the 1990 Delaware Supreme Court’s decision in Paramount Commc’ns v. [read post]
7 Apr 2008, 5:03 am
Because the laws of the state in which HP is incorporated govern whether it would be futile to make the requisite demand and because HP is incorporated in Delaware, the court analyzed futility under Delaware law. [read post]
21 Feb 2024, 6:30 am
Elon Musk et al., case number 2018-0408, in the Court of Chancery of the State of Delaware. [read post]
21 Feb 2024, 6:30 am
Elon Musk et al., case number 2018-0408, in the Court of Chancery of the State of Delaware. [read post]
12 Oct 2010, 8:03 am by Kara OBrien
On October 8, 2010, the Court of Chancery of Delaware issued an important opinion, Airgas, Inc. v. [read post]
29 Jun 2017, 8:30 am by Joseph Tartakovsky
He was counsel of record for the 30 amicus states in Davila v. [read post]
19 Aug 2020, 6:21 am
The shareholder primacy approach of Delaware law is well summarized by then Chancellor William Chandler in the case of eBay Domestic Holdings, Inc. v. [read post]