Posted on March 19, 2009 by Francis G.X. Pileggi

Chancery Court Drills Down and Dismisses Breach of Fiduciary Duty Claim in Dispute about Oil and Gas Exploration Investments

Addy v. Piedmonte, et al., Del. Ch., No. 3571-VCP (March 18, 2009), read opinion here. Kevin Brady, a highly respected Wilmington lawyer, prepared the following review of this case: In this Chancery Court decision, Vice Chancellor Parsons dismissed a claim for breach of fiduciary duty in a case with a... Continue Reading...
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Posted on March 11, 2009 by Francis G.X. Pileggi

Chancery Court Orders Specific Performance of Lease Terms

D Gyms, LLC v. Robino-Bay Court Plaza, LLC, Del. Ch., No. 3649-VCN, (Jan. 15, revised on Feb. 12, 2009), read letter opinion here. This Chancery Court letter decision ordered specific performance of the terms of a shopping center lease relating to signage space allowed for the tenant.... Continue Reading...
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Posted on February 7, 2009 by Francis G.X. Pileggi

Chancery Court Allows Purchaser to Continue Post-Closing Dispute Based on Contract Claims

BAE Systems Information and Electronic Systems Integration Inc. v. Lockheed Martin, (Del. Ch., Feb. 3, 2009), read opinion here. We are fortunate to have the following review and analysis of this case prepared by Kevin Brady, a partner in the Business Law Group at the Wilmington, Delaware, office of Connolly... Continue Reading...
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Posted on September 30, 2008 by Francis G.X. Pileggi

Chancery Requires Apollo-backed Hexion to Fulfill Its Contractual Duty to Buy Hunstman Despite Material Adverse Effect Clause

In Hexion Specialty Chemicals, Inc. v. Huntsman Corp., (Del. Ch., Sept. 29, 2008), read opinion here, the Delaware Chancery Court rejected the arguments of Hexion, which is 92% owned by private equity group Apollo, that it should be relieved of its contractual obligations to buy 100% of Huntsman's stock based... Continue Reading...
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