Updates on Delaware Corporate Law and Alternative Entity Law
This blog post provides selected excerpts and bullet points from a Delaware State Bar Association-sponsored seminar held today at the Hotel duPont entitled: Recent Developments in Delaware Corporate and Alternative Entity Law. Delaware Supreme Court Chief Justice Myron Steele presented … Continue reading
Chancery Allows Record Opened After Trial
Lola Cars International v. Krohn Racing, LLC, C.A. Nos. 44-79-VCN and 4886-VCN (Del. Ch. Apr. 23, 2010), read letter decision here. A summary of the prior post-trial opinion in this case was provided on this blog here. This letter decision decided a … Continue reading
Chancery Decides Appraisal Case; Post-Trial Opinion Determines Terminal Growth Rate; Equity Risk Premium, Beta and Tax Rate of Russian-Based NASDAQ Company
Global GT LP v. Golden Telecom, Inc., C.A. No. 3698-VCS (Del. Ch. Apr. 23, 2010), read opinion here. This 51-page post-trial opinion in an appraisal action is heavily weighted with economic analysis and includes such geopolitical insights as the projected … Continue reading
Delaware Supreme Court Addresses Issues of D & O Policy Coverage
Axis Reinsurance Company v. HLTH Corp., No. 565, 2009 (Del. Supr. Apr. 22, 2010), read corrected May 10 opinion here. This is a case involving a coverage issue under a D & O policy. Because it is somewhat outside the typical … Continue reading
Chancery Upholds Forum Selection Clause Requiring the Case to be Litigated in the United Kingdom
Ashall Homes Limited v. ROK Entertainment Group, Inc., C.A. No. 4643-VCS (Del. Ch. Apr. 23, 2010), read opinion here. This Court of Chancery decision upheld a forum selection clause that required the dispute between the parties to be litigated in the … Continue reading
ABA Business Law Section Meeting in Denver
This blog post comes to you from the ABA Business Law Section meeting in Denver, Colorado. A few highlights will be provided of the presentations most relevant to this blog. A panel presentation by the Corporate Laws Committee and the Corporate … Continue reading
Video/Audio of Chancery TRO Hearing in Zenith National Insurance Corp. Merger Case
The Court of Chancery held a hearing on April 22 on a request for a TRO to stop the $1.3 billion merger involving Zenith National Insurance Corp. Courtesy of the folks at www.courtroomview.com we have a video/audio clip of part of … Continue reading
Vice Chancellor Requires Lawyer to Be Physically Present During the Collection of Electronic Information from Client; Self-Collection by Client Not Permitted
For those of you who follow the e-discovery rulings of the Court of Chancery, a transcript of a recent Telephone Conference on Discovery Dispute in Roffe v. Eagle Rock Energy GP, et al., C.A. No. 5258-VCL (Del. Ch. April 8, … Continue reading
Chancery Rejects Proposed Expert on Delaware Law
Forsythe v. ESC Fund Management Co., C.A. No. 1091-VCL (Apr. 21, 2010), read letter decision here. This short letter decision emphasized a truism recognized in prior Delaware decisions that the Court of Chancery will not allow an expert to opine … Continue reading
Delaware Supreme Court Addresses Vote Buying and Effort to Reduce the Size of a Board To Remove Sitting Directors
Crown EMAK Partners, LLC v. Kurz, Consol. Nos. 64, 2010 and 85, 2010 (Del. Supr. April 21, 2010), read opinion here. This 55-page Delaware Supreme Court decision affirmed in part and reversed in part the Court of Chancery’s 80-page decision involving a control contest that … Continue reading
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