Delaware Supreme Court Affirms Chancery Court in AT & T Case Involving Stock Options

AT & T Corp. v. Lillis, (Del. Supr., March 9, 2009), read opinion here. In a rare split decision, the Delaware Supreme Court ruled 3-2 to affirm the original decision of the Chancery Court that was initially reversed by the Supreme Court (also a procedural rarity). This case involves an... Continue Reading...

Chancery Court Grants Motion to Enforce Settlement

Fox v. Paine, (Del. Ch., Jan. 22, 2009), read opinion here. This Chancery Court opinion involves the breakup of the wealth management partnerships between Saul Fox and Dexter Paine. On the even of trial, the parties entered into a settlement agreement in the form of a "memorandum of understanding" (MOU).... Continue Reading...