Settlement of Derivative Suit Rejected By Court
I recently summarized the Chancery Court’s opinion in the case of In Re SS&C Technologies, Inc., here, with a detailed discussion of why the court refused to approve a settlement, but another blog today added additional commentary that should be of interest … Continue reading
DGCL Section 220: Review of Recent Cases
I have summarized many cases on this blog regarding Section 220 of the Delaware General Corporation Law (DGCL) which provides the right of a shareholder to demand books and records if the prerequisites in the statute are satisfied. (e.g., just type … Continue reading
Chancellor Chandler Partially Enforces Covenant-Not-To-Compete Against Independent Contractor, citing the Argot of Rapper “50 Cent”
In EDIX Media Group, Inc. v. Mahani, (Del. Ch., Dec. 12, 2006), read opinion here , the Chancery Court analyzes a long list of claims arising from the breach of a covenant-not-to-compete and related issues, in a 47-page opinion. Even The Wall … Continue reading
Specific Performance Denied
In Georgetown Crossing, LLC v. Ruhl, (Del. Ch., Dec. 5, 2006), read opinion here, the Chancery Court addressed a claim by the proposed purchaser for specific performance of a land contract for a former farm that was to be developed into a housing … Continue reading
E-Discovery Guidelines
The U.S. Conference of Chief Justices has prepared a summary overview of basic concepts about electronic discovery that is a useful primer. Here is a link to it.
Anonymous GC Unmasked (almost)
The Wired GC is the name of a blog by an anonymous general counsel, but in a recent post, he promises to unmask his identity next month (and also to talk about the choices a GC has when firm’s raise … Continue reading
Delaware Today magazine
For the sheer fun of it, I am linking to a quote from me in the current issue of Delaware Today magazine. Here it is. If the foregoing link does not work, try www.delawaretoday.com
Arbitration of Tobacco Settlement Claim Compelled
In State of Delaware v. Philip Morris USA, Inc., ( Del. Ch., Dec. 12, 2006), read opinion here , the Delaware Chancery Court addressed the arbitrability of a claim related to the major tobacco company settlement with the states. The court conducted an … Continue reading
Back-Dating of Stock Options
The Wall Street Journal Law Blog reports on a study by the Harvard Law School that found 1,400 directors of public companies in the last decade to have been involved in the manipulation of stock options. Here is the link … Continue reading
Happy Holidays
To all my readers, I extend a heartfelt wish for a happy and healthy holiday to you and your families. Here is the blog equivalent of a holiday card, courtesy of Charles Fincher of www.LawComix.com:
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