Posted on August 5, 2006 by Francis G.X. Pileggi

Partial Grant of Motion for Reconsideration Due to Mootness.

In Schoon v. Troy Corp., a decision on Section 220 of the DGCL, previously summarized here,  the  Chancery Court granted in part a motion for reconsideration based on the settlement of the parties after trial but before the opinion was issued, thereby making the opinion moot and importantly, preventing the post-trial opinion from having res judicata  effect. Read letter decision on motion for reconsideration  here.

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Delaware Corporate and Commercial Litigation Blog - February 13, 2008 7:07 PM
In Schoon v. Smith, (Del. Supr., Feb. 12, 2008), read opinion here, the Delaware Supreme Court ruled yesterday that a director qua director may not sue fellow directors of a corporation derivatively. This may sound esoteric for some, but any...
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