Lead Plaintiff Opposes Class Action Settlement
Thomson Reuters has an article by Tom Hals here about a objection filed by a lead plaintiff to the proposed settlement and the amount of attorneys fees requested by class counsel in a class action settlement involving the J. Crew Group … Continue reading
Default Fiduciary Duties and LLCs
The Institute of Delaware Corporate and Business Law at Widener University School of Law has an online symposium on the topic of default fiduciary duties in LLCs and LPs, available here. Professor Larry Ribstein, a leading expert on this topic, … Continue reading
Chancery Denies a Motion for Reargument and Motion to Amend its Ruling
The Ravenswood Investment Company L.P. v. Winmill, C.A. No. 3730-VCN (Del. Ch. Nov. 30, 2011), read letter ruling here. A prior decision by the Delaware Court of Chancery in this case was highlighted on these pages here. Issue Addressed The Court addressed … Continue reading
LexisNexis Corporate and Commercial Law Insights: Update
Steve Berstler of LexisNexis interviews Francis Pileggi and Kevin Brady on their selections for the top two corporate decisions from the Delaware Court of Chancery in 2011, in their latest videocast available here. Similar commentary is available on the LexisNexis Corporate and … Continue reading
Chancery Dismisses Section 220 Suit Filed After Derivative Suit
Central Laborers Pension Fund v. News Corp., C.A. No. 6287-VCN (Del. Ch. Nov. 30, 2011), read letter ruling here. In this case involving a request for books and records under DGCL Section 220, the Court dismissed the suit as duplicative … Continue reading
Chancery Employs Tempered Solution for Discovery Issues
Salgado v. Mobile Services International LLC, C.A. No. 5268-VCN (Nov. 30, 2011), read letter ruling here. Issue Addressed The Court addressed the best solution for dealing with the failure of one of the parties to comply with both the prior … Continue reading
Delaware Court Allows Service by Email on Former CEO in China of Delaware Entity
In re Heckman Corporation Securities Litigation, C.A. No. 10-378-LPS-MPT (D.Del. Nov. 22, 2011), read opinion here. This decision of the U.S. District Court for the District of Delaware dealt with the issue of whether former counsel for a former corporate officer … Continue reading
ABA Award Given to Top 100 Law Blogs–Including This One
We earned a spot in the ABA Journal’s Blawg 100, their 5th annual list of the best in blogs about lawyers and the law, that was just announced today. Thanks are due to many people for this accolade, including regular … Continue reading
Chancery Applies Entire Fairness Standard to Sale of Assets Just Before Bankruptcy Filing
Encite LLC v. Soni, C.A. No. 2476-VCG (Del. Ch. Nov. 28, 2011), read 80-page opinion here. Prior Delaware decisions in this matter have been highlighted on these pages here. Issues Addressed One of the issues addressed in this ruling on two … Continue reading
Ethics Column on Recent Delaware Recusal Decision
My latest ethics column for current edition of The Bencher, the national publication of the American Inns of Court, addresses a recent Delaware decision granting a motion to recuse, and is available here. This month’s column was co-authored by Jill … Continue reading
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