April 2015

In Alliant Techsystems, Inc. v. MidOcean Bushnell Holdings, L.P., C.A. No. 9813-CB (Del. Ch. April 27, 2015), the Court of Chancery, in a Memorandum Opinion, granted Alliant’s motion for judgment on the pleadings.  Alliant sought specific performance of a stock purchase agreement that required the parties to submit a dispute over the calculation

Although Delaware courts have been consistent in affirming the general principle that default fiduciary duties may be contractually modified in the context of Delaware limited partnerships by the limited partnership agreement, In re El Paso Pipeline Partners, L.P. Derivative Litigation, C.A. No. 7141-VCL (Del. Ch. April 20, 2015), serves as a reminder that transactions