Summary of Key Delaware Decisions in 2006
I wrote a short summary of selected 2006 decisions from Delaware’s Chancery Court and Supreme Court (other than the obvious cases, such as Disney, that have already been overly analyzed). I made the time to write the summary in the … Continue reading
A Good Lawyer
It is not often that we can describe as unanimous the chorus of praise for a lawyer. Fr. Drinan was a lawyer and a priest and a Congressman, among other things. The legal blogosphere has been abuzz with universally positive … Continue reading
Directors Wacked for Lack of Independence
In Sample v. Morgan, et al., (Del. Ch., Jan. 23, 2007), 2007 WL 177856, read opinion here, the Chancery Court again described in great detail the risk of liability resulting from a putatively independent committee not acting in a truly and … Continue reading
Lawyers in the Blogosphere; Bankruptcy and Corporate Law
Steve Jakubowski of Chicago’s Coleman Law Firm, a nationally prominent bankruptcy lawyer and creator of the Bankruptcy Litigation Blog, was the first lawyer, that I am aware of, to create a blog focused on bankruptcy law. In a post yesterday on … Continue reading
Summary of Delaware Corporate Cases from 2006
I recently finished writing a short summary of selected key corporate and commercial decisions from Delaware’s Chancery Court and Supreme Court that were issued in 2006. I wrote the short piece for a new publication coming out in a few days from … Continue reading
Whose Shares Are Voting?
Today’s Wall Street Journal has a thought-provoking cover page story on the increasing habit of hedge funds and others that involves borrowing of shares just before a record date in order to be able to vote at a shareholders’ meeting, … Continue reading
Summary Judgment Denied on Coverage Issues
Tenneco Automotive Inc. v. El Paso Corporation, (Del. Ch., Jan. 8, 2007), read opinion here. This case involves a byzantine connection of related companies and successor companies that have a dispute over various insurance policies that includes the interpretation of … Continue reading
Rights Waived Due to Failure to Meet Deadline
In Ostroff v. Quality Services Laboratories, Inc., (Del. Ch., Jan. 2007), read opinion here, the Chancery Court was called upon to interpret several related agreements and to determine whether to consider extrinsic evidence in the context of cross-motions for summary judgment. … Continue reading
Summary Judgment Denied on Stock Option Issues
Lillis v. AT&T Corp. (Del. Ch., Dec. 21, 2006), read opinion here. In this case, competing cross motions for summary judgment were denied in connection with an interpretation of stock option contracts. The court determined that more factual clarification was needed before … Continue reading
Right of First Refusal Interpreted and Consent Deemed Not Unreasonably Withheld
Union Oil Company of California v. Mobil, (Del. Ch., Dec. 15, 2006), read opinion here. At the risk of simplifying 36-pages of careful and comprehensive analysis regarding contract interpretation principles in connection with the right of first refusal, one of … Continue reading
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