Chancery Court Grants Preliminary Injunction Against Competing Former Key Employees
ZRII, LLC v. Wellness Acquisition Group, Inc., (Del. Ch., Sept. 21, 2009), read opinion here. This 43-page Chancery Court decision addresses issues common to business litigation matters. Key employees leave to compete with their former employer, which was based in Utah. The Court applied … Continue reading
Chancery Court Describes Disclosure Obligations and Revlon Duties of Directors in Transaction
The Washington Legal Foundation published an article here last week that is an overview I did of the recent Delaware Chancery Court decision in Wayne County Employees’ Retirement System v. Corti, 2009 Del. Ch. LEXIS 126 (Del. Ch. 2009). The Court’s opinion describes the … Continue reading
Delaware Supreme Court Addresses Conflict of Interest Issues
In The Matter of a Member of the Bar of the Supreme Court of Delaware: I. Jay Katz, No. 442, 2009, (September 24, 2009), read opinion here. This decision of the Delaware Supreme Court addresses conflicts of interest in the context of … Continue reading
Delaware Chancery Court Trial Imminent in: eBay v. Craigslist
Business litigation fans, or those interested in the latest developments occurring in Delaware corporate and commercial litigation in general, may be interested in a trial slated to begin soon in Delaware Chancery Court between two online titans, Craigslist and eBay. An … Continue reading
Travis Laster Confirmed by Delaware Senate as Next Vice Chancellor
J. Travis Laster was confirmed today by the Delaware Senate to become the newest Vice Chancellor on the Court of Chancery for the State of Delaware. October 9 is expected to be the date of his investiture and swearing in ceremony … Continue reading
New Delaware Corporate Law Articles
New articles of interest to those who practice Delaware corporate and commercial litigation, as well as business litigators generally, are in the current issue of The Business Lawyer, a publicaion of the ABA’s Business Law Section. Though I just received it … Continue reading
Court of Chancery Grants Summary Judgment on Removal of Manager of LLC
In R&R Capital, LLC v. Merritt, No. 3989-CC (Del. Ch. Sept. 3, 2009), read letter decision here, the Court: (i) granted plaintiffs’ motion for summary judgment on their claim that defendant Merritt was properly removed as the manager of the several … Continue reading
Chancery Court Dismisses with Prejudice Plaintiff’s Claim Purportedly Withdrawn After Defendant Moved for Summary Judgment; Determines Procedure for Payment of Attorneys’ Fees In Advancement Case
Martinez v. Regions Financial Corp., No. 4128-VCP (Del. Ch. Sept. 9, 2009), read letter decision here. Also, an implementing Order accompanying the decision that provides for a procedure to address reasonableness of advanced fees, is available here. Kevin Brady, a highly regarded Delaware litigator, provides … Continue reading
Live Video/Audio Clip of Delaware Chancery Court Proceedings
For any readers interested in watching and listening to a video/audio clip of Delaware Chancery Court proceedings from the convenience of your computer, you are in luck. Last Friday in the case of PPF Safeguard v. BCR Safeguard Holding, Del. Ch., … Continue reading
Chancery Rules on Designations of Documents as Privileged; Highly Confidential and Subject to Clawback
eBay Domestic Holdings, Inc. v. Newmark, Inc., No.3705-CC (Del. Ch., Sept. 16, 2009), read letter decision here. The Chancery Court addressed three issues of practical importance in most corporate and commercial litigation matters in Delaware and elsewhere. Should certain documents be designated … Continue reading
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