Posted on May 23, 2009 by Francis G.X. Pileggi

Chancery Court Dismisses Class Action Allegations of Overpayment in Recapitalization Transaction on Standing Basis But Disclosure Claims Allowed to Proceed

Dubroff, et al. v. Wren Holdings, LLC, et al., Del. Ch., No. 3940-VCN (May 22, 2009), read opinion here. Kevin Brady, a highly-respected Delaware litigator, provides us with the benefit of his following review of this Delaware Chancery Court decision. On May 22, 2009, Vice Chancellor Noble granted in... Continue Reading...
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Posted on February 28, 2009 by Francis G.X. Pileggi

Chancery Court Dismisses Direct and Derivative Claims Against Company in Bankruptcy

Thornton, et al. v. Bernard Technologies, Inc., (Del. Ch., C.A. No. 962-VCN, February 20, 2009), read opinion here. Kevin Brady, a highly respected Delaware litigator, prepared the following review of this case. In this Chancery Court decision, Vice Chancellor Noble granted defendants’ motion to dismiss a direct and derivative action... Continue Reading...
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