Posted on April 14, 2009 by Francis G.X. Pileggi

Chancery Court Denies Request for Expedited Proceedings in Board Contest Between Exelon Corp. and NRG Energy, Inc.

Louisiana Sheriffs' Pension & Relief Fund v. Crane, Del. Ch., No. 4193-VCL (April 14, 2009), read letter decision here. This case involves the hostile bid by Exelon Corp. to take over NRG Energy, Inc. The plaintiffs in this case are stockholders of NRG who claim that NRG directors are breaching... Continue Reading...
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Posted on April 14, 2009 by Francis G.X. Pileggi

Chancery Court Permits Shareholder By-Law Proposal to be Placed on Ballot While Preserving Company's Legal Challenge for Later Review

Kistefos AS v. Trico Marine Services, Inc., Del. Ch., No. 4497-CC (April 14, 2009), read letter opinion here. Kevin Brady, a highly respected Delaware litigator, provides us with the benefit of his review of this case as follows. This Chancery Court decision involves an action by a shareholder seeking a... Continue Reading...
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