Chancery Court Compensates Lead Plaintiff in Class Action Against Boston University
Oliver v. Boston University, No. 16570-VCN (Del. Ch., May 29, 2009), read letter decision here. Prior opinions in this case by the Chancery Court were summarized here on this blog. This latest decision addresses a few open issues after the approval of … Continue reading
The Death of the Wolf Block Law Firm
Prof. Larry Ribstein has a thought-provoking and insightful post here about the recent demise of the former powerhouse law firm of Wolf Block. The good professor’s analysis should be required reading for any partner of a law firm. It describes how … Continue reading
Delaware Corporate Law and Monetary Liability of Directors
Scott J. Davis and Michael Torres of the Mayer Brown LLP firm have written a paper titled Directors’ Monetary Liability for Actions or Omissions Not in Good Faith, that is available here on the Harvard Law School Corporate Governance Blog.
Delaware Corporate Law and the Pepsi Battle
The Deal Professor writes here about the Delaware corporate law issues involved in the pending Delaware Chancery Court case relating to PepsiCo’s bid for the Pepsi Bottling Co., and in particular whether the bid will be subject to the entire fairness … Continue reading
Court Grants Cross-Motions to Compel Discovery But Refuses to Shift Costs to Requesting Party to Pay for Restoration of Emails on Backup Tapes
Omnicare, Inc. v. Mariner Health Care Management Co., No. 3087-VCN (Del. Ch., May 29, 2009), read opinion here. This case review is brought to us by Kevin Brady, a highly respected Delaware litigator. On May 29, 2009, Vice Chancellor Noble … Continue reading
Court Modifies Prior Determination of Fair Value in Appraisal Action But Does Not “Second-Guess” the Plain Meaning of the Contract
In re Appraisal of Metromedia International Group, Inc., No. 3351-CC (Del. Ch., May 29, 2009), read opinion here. Prior opinions by the Chancery Court in this case have been summarized here. Kevin Brady, a highly respected Delaware litigator, provides us the following review … Continue reading
Delaware Supreme Court Upholds New State Law Allowing Sports Betting
In Re: Request of the Governor For An Advisory Opinion, No. 150, 2009 ( Del., May 27, 2009), read opinion here. (Revised May 29, 2009 opinion here.) The Delaware Code provides a procedure for the Governor of Delaware to request the … Continue reading
Delaware Chancery Court Requires Party to Submit to Terms of Forum Selection Clause Despite that Party Being a Non-Signatory; Based on Equitable Estoppel
Weygandt v. Weco, LLC, Del. Ch., No. 4056-VCS (May 14, 2009), read opinion here Issue Presented The question in this case is whether a non-signatory defendant can be required to appear in a forum chosen in an agreement executed by … Continue reading
Interview with Delaware Supreme Court Justice Jack Jacobs
Professor J.W. Verret interviews Delaware Supreme Court Justice Jack Jacobs via The Conglomerate blog here. The interview is must reading for anyone interested in Delaware corporate law. Justice Jacobs, prior to joining the Delaware Supreme Court, sat on the Delaware Chancery … Continue reading
Chancery Court Splits Fees in Cablevision Class Action Between Lawyers for Related New York Suit and Delaware Counsel
In Re Cablevision/Rainbow Media Group Tracking Stock Litigation, No. 19819-VCN (May 22, 2009), read opinion here. This Chancery Court decision resolved a dispute regarding the amount of fees and the division of fees between class counsel in a Delaware shareholders’ suit that challenged the … Continue reading
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