Posted on October 26, 2009 by Francis G.X. Pileggi

Former Employee Dismissed For Lack of Personal Jurisdiction; Court Reinforces Heavy Burden to Succeed on Forum Non Conveniens Grounds

In LeCroy Corp. v. Hallberg, No. 4328-VCP (Del. Ch. Oct. 7, 2009), read opinion here, the Court of Chancery granted Defendants' motion to dismiss an individual defendant from the action due to a lack of personal jurisdiction but denied defendants’ motion to dismiss based on forum non conveniens. For other... Continue Reading...
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Posted on February 24, 2009 by Francis G.X. Pileggi

Chancery Court Dismisses Shareholder Claims Against Citigroup for Failure to Monitor Subprime Risks But Allows Waste Claim for CEO Pay

In Re Citigroup Inc. Shareholder Derivative Litigation, (Del. Ch., Feb. 24, 2009), read opinion here. This Delaware Chancery Court opinion should be of widespread interest because it is the first detailed analysis of potential liability of directors under Delaware law for claims relating to a company suffering major losses resulting... Continue Reading...
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Posted on November 11, 2008 by Francis G.X. Pileggi

Chancery Rules on Claims Related to Merrill Lynch Merger with Bank of America

County of York Employees Retirement Plan v. Merrill Lynch & Co., Inc., et al., (Del. Ch., Oct. 28, 2008), read opinion here. This 39-page Chancery Court decision addressed in a cursory but scholarly manner, several preliminary issues related to the recently announced merger of Merrill Lynch and Bank of... Continue Reading...
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Posted on August 2, 2008 by Francis G.X. Pileggi

Chancery Granted Motion to Dismiss For Lack of Personal Jurisdiction

Sprint Nextel Corp. v. iPCS, Inc., 2008 WL 2737409 (Del. Ch., July 14, 2008), read opinion here. The issue addressed in this Chancery Court case (which was the subject of three prior opinions and a ten day trial on related issues), was presented on a motion to dismiss for... Continue Reading...
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