Posted on March 18, 2009 by Francis G.X. Pileggi

Chancery Court Stays Delaware Action in Favor of California Federal Actions

Langford v. Barnholt and KLA-Tencor Corp., No. 2295-VCL (Del. Ch., March 17, 2009), read letter ruling here. Kevin Brady, a highly respected Delaware litigator, has prepared the following review of this case. In this Chancery Court opinion, Vice Chancellor Lamb revisited a decision in this case that had been in... Continue Reading...
Tags: , , ,
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...
Tags: , , , , , , , , , , , ,