Chancery Rejects Fiduciary Duty Claim Due to No Equitable Jurisdiction

Gelof v. Prickett, Jones & Elliott, P.A., No. 4930-VCS (Del. Ch., Feb. 19, 2010), read letter ruling here. Holding: This letter decision from the Delaware Court of Chancery explains why the claims made in this case were not within its limited jurisdiction. That is, despite the claim of a breach... Continue Reading...

Court of Chancery Explains Policy Reasons For Selection of Lead Counsel in Class Action; Rejects Motion to Reconsider

Dutiel v. Tween Brands, Inc., No. 4743-CC and No. 484-CC (Oct. 28, 2009), read letter decision here. Read prior Chancery Court decision in this case highlighted on this blog here. In this most recent ruling, the Chancellor denied a motion for reconsideration of the Court's selection of lead counsel in... Continue Reading...