Delaware’s Chief Justice on Top 100 List of Leaders in Business Ethics

Here is a list of the top 100 leaders in business ethics as published by a magazine called Ethisphere. Delaware Supreme Court Chief Justice Myron T. Steele is number 2 on the list. Thanks to Wilmington lawyer, Marcus Montejo, for bringing … Continue reading

Chancery Addresses Personal Jurisdiction Over Officers of Delaware Corporation

Ryan v. Gifford, 2007 WL 4146190 (Del. Ch., Nov. 21, 2007), read opinion here. The Chancery Court’s prior decision in the case was summarized here on this blog. The basis of the suit deals with alleged backdating of options. This most … Continue reading

Advancement Denied Due to Gap in Documents When LLC Converted to Corporation

In Bernstein v. Tractmanager, Inc., 2007 WL 4179088 (Del. Ch., Nov. 20, 2007), read opinion here, the Chancery Court determined that the bylaws of a corporation that had formerly been an LLC, were not specific enough to provide advancement for claims that … Continue reading

Derivative Case Study

Courtesy of Kevin La Croix of The D & O Diary,  here  is a thoughtful discussion of derivative cases, with reference to the relative infrequency of derivative suits compared with class action suits, and the reasons for the apparent decline compared … Continue reading

Jury or Judge: Who Best to Decide Complex Cases

Here is a post on Professor Larry Ribstein’s Ideoblog about the problems with a jury deciding a very complex case such as was presented in the Enron trial. The  post includes excerpts from post-trial comments by jurors which largely indicate that … Continue reading

Delaware’s Senior U.S. Senator

Delaware’s Senior U.S. Senator, and U.S. Presidential Candidate, Joe Biden, Jr., had the good fortune of being able to attend a football game this weekend between his alma mater, the University of Delaware, and Northern Iowa University, in Iowa. Hat tip … Continue reading

Specific Performance Granted in Land Contract

In Szambelak v. Tsipouras, 2007 WL 4179315 (Del. Ch., Nov. 19, 2007), read opinion here, the Chancery Court granted specific performance in a land contract involving the sale of a farm. There are many twists and turns in the factual section … Continue reading

Never in Delaware

Courtesy of Charles Fincher at LawComix.com  

Chancery Case Summarized on Harvard Blog

Here is a short guest post  that I was requested to write for The Harvard Law School Corporate Governance Blog as an introduction to my longer discussion of the recent Chancery Court decision in Melzer v. CNET Networks, Inc., here.

Rethinking Corporate Opportunity Doctrine — Part II

Here is Part II of Professor Bainbridge’s series on the corporate opportunity doctrine. Here is the link to Part I of his series on the topic.