Background on Chancery Court and Vice Chancellor Strine
Courtesy of a link on ProfessorBainbridge.com, here is a link to an article by Len Costa of the publication called Legal Affairs, which provides more background details than most people might care to know regarding how the Delaware Chancery Court reached its current … Continue reading
Chancery Asserts Need to Decide Important Delaware Issues Such as Backdating, Despite Parallel Federal Case
In Brandon v. Deason, (Del. Ch., July 20, 2007), read opinion here, the Delaware Chancery Court denied a motion to stay a Delaware derivative action, despite a parallel proceeding in Texas, due the the important, substantive issues of Delaware law … Continue reading
Chancery Court Awards Damages to Buyer of Radio Station Based on Fraud and Breach of Contract
In Cobalt Operating LLC v. James Crystal Enterprises, LLC, 2007 WL 2142926 (Del. Ch., July 20, 2007), read opinion here, the Chancery Court provides a lengthy recitation of this intensely factual battle between a buyer and a seller of a radio … Continue reading
Unjust Enrichment Claim Denied Again
MetCap Securities LLC v. Pearl Senior Care, Inc., 2007 WL 195442 (Del. Ch., June 29, 2007), read opinion here. This is a Chancery Court decision on a Motion for Reargument pursuant to Chancery Court Rule 59(f), of a decision previously … Continue reading
Chancery Rejects Class Action Settlement
In TD Banknorth Shareholders Litigation, (Del. Ch., July 19, 2007), read opinion here, the Chancery Court rejected a class action settlement related to the acquisition by the Toronto-Dominion Bank of the remaining publicly-held shares of the TD Banknorth. Here is court’s … Continue reading
Delaware Court Decisions Citing Blogs
Courtesy of ProfessorBainbridge.com, here is a post that refers to the Concurring Opinions blog which surveys recent court decisions that cite to blogs (within the court’s opinion). Although I have mentioned such blog cites in the individual case summaries on this blog, I have … Continue reading
Private Equity, M & A and Delaware
Courtesy of the Harvard Corporate Governance Blog, here is a link to an article that summarizes recent Delaware Chancery Court cases that address issues surrounding the increasing involvement by private equity firms in M & A transactions. All the recent … Continue reading
Stock Option Pricing Analysis Reviewed by Delaware Chancery Court
In Lillis v. A T & T Corp., 2007 WL 2110587 (Del. Ch., July 20, 2007), read opinion here, the Delaware Chancery Court reviewed issues arising from the impact of a merger on the value of stock options and related issues … Continue reading
Agreement Limited Rights to Books and Records Demand (added bonus: primer on contract interpretation principles)
In Nama Holdings, LLC v. World Market Center Venture, LLC, 2007 WL 2088851 (Del. Ch., July 20, 2007), read opinion here, the Chancery Court ruled that the right to inspect books and records of an LLC pursuant to the terms … Continue reading
Injunctive Relief Denied To Minority For Challenged Stock Offering
In Gradient OC Master Ltd. v. NBC Universal, Inc., 2007 WL 2058733 (Del. Ch., July 12, 2007), read opinion here, the Delaware Chancery Court denied injunctive relief in connection with a somewhat involved exchange transaction in which it was alleged … Continue reading
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