Court of Chancery Denies Reargument Motion on Attorneys’ Fees Ruling

Posted on July 30th, 2009 by Francis Pileggi

Medek v. Medek, No. 2559-VCP (Del. Ch., July 27, 2009), read opinion here. A prior decision in this case by the Court of Chancery was reviewed on this blog here. This letter decision denied a Motion for Reconsideration of a Fee Award that was … Continue reading →

Chancery Court Grants Books and Records Request Per DGCL Section 220

Posted on July 30th, 2009 by Francis Pileggi

Bosse v. WorldWebDex Corp., Del. Ch., No. 4443-CC (July 30, 2009), read letter decision here.  In this short letter opinion, the court addressed a demand for books and records under DGCL Section 220. The court granted, sua sponte, judgment on … Continue reading →

Chancery Court Rules that Individual as Sole Owner, Member and Manager of an LLC Did Not Bind that LLC by Signing an Agreement Not Referencing LLC

Posted on July 30th, 2009 by Francis Pileggi

Credit Suisse Securities (USA) LLC v. West Coast Opportunity Fund, LLC, No. 4380-VCN (Del. Ch., July 30, 2009), read opinion here. Overview The issue addressed by the Chancery Court in this case was whether an entity known as Investment Hunter, … Continue reading →

Vice Chancellor Lamb Denies Motion to Dismiss Class Action and Derivative Claims Arising Out of Failed Going-Private Transaction

Posted on July 29th, 2009 by Francis Pileggi

Louisiana Municipal Police Employees’ Ret. Syst. v. Fertitta,  No. 4339-VCL (Del. Ch. Jul. 28, 2009), read opinion here. Kevin Brady, a prominent Delaware litigator, prepared this synopsis. In his final written opinion before leaving the bench on July 28, 2009, … Continue reading →

Court of Chancery Dismisses Fiduciary Duty Claims Regarding Vivendi Deal

Posted on July 29th, 2009 by Francis Pileggi

Wayne County Employees’ Retirement System v. Corti, Del. Ch., No. 3534-CC (July 24, 2009), read opinion here. A prior Chancery Court decision in this case was highlighted on this blog here. In this 50-page decision, the Court of Chancery discusses claims of … Continue reading →

Vice Chancellor Lamb to Open Delaware Office of Paul Weiss Firm After Leaving Chancery Court

Posted on July 29th, 2009 by Francis Pileggi

As reported today in The Wall Street Journal  here, Vice Chancellor Stephen Lamb will spearhead a Delaware office for the New York based firm of Paul Weiss after he leaves the Chancery Court when his term expires imminently.

Delaware’s Sister State

Posted on July 29th, 2009 by Francis Pileggi

One of Delaware’s "sister states" is Pennsylvania, an adjoining jurisdiction that many of Delaware’s corporate lawyers return home to each night. (Now that I have a connection to the scope of this blog, I can get to the point.) Here … Continue reading →

Chancery Court Decides Participation Issues in Class Action Settlement

Posted on July 29th, 2009 by Francis Pileggi

CBOT Group, Inc. v. Chicago Board Options Exchange, Inc., No. 2369-VCN (Del. Ch., July 29, 2009), read letter decision here. Summaries of the several prior decisions by the Chancery Court in this case are available here, here and here. This letter … Continue reading →

Court of Chancery Rules on Issue of First Impression: Do Fiduciary Duties Apply in the Context of a Right of First Refusal Agreement Between a Corporation and its Shareholders

Posted on July 28th, 2009 by Francis Pileggi

Latesco, L.P. v. Wayport, Inc., Del. Ch., No. 4167-VCL (July 24, 2009),  read opinion here. Background This 26-page  Chancery Court opinion involves the efforts of a shareholder to monetize a part of his illiquid, minority interest in a private company … Continue reading →

Watch Court of Chancery Trial Live Online via Audio/Video Feed

Posted on July 27th, 2009 by Francis Pileggi

For those would enjoy watching a trial in the Delaware Court of Chancery–live,  from the comfort of their computer, via an online video/audio feed, made available (for a price) by the folks at www.courtroomview.com, see the link here.  The name of the … Continue reading →

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