Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
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 a class action settlement.
Issues Addressed and Decided
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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 tenuous the economic model of the modern law firm is, and how thin a line…
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.
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 review standard.
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 issued a decision granting cross-motions to compel in this matter. For those readers…
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 of the case.
On May 29, 2009, in response to petitioners’ motion for…
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 Delaware Supreme Court to provide an opinion on the constitutionality of any…
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 an affiliate.
In this Chancery Court decision, the court determined that a party was…
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 Court, and has a combined 24 years of service on the Delaware bench. He is the author…
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 exchange by Cablevision Systems Corporation of its then-outstanding tracking stock and certain assets of its…