Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
Grace v. Ashbridge LLC, C.A. No. 8348-VCN (Del. Ch. Dec. 31, 2013).
Issue Addressed: Whether a successor entity was liable for advancement and indemnification claims based on the operating agreement of a successor entity LLC even though the sole allegations involve a predecessor entity and a related entity. Short Answer: No.
Brief Overview…
In The Matter of the Rehabilitation of Indemnity Insurance Company, RRG, C.A. No. 8601-VCL (Del. Ch. Jan. 2, 2014).
This case addresses the standards the Court of Chancery will apply to willful and flagrant violations of a court order, in connection with imposing civil contempt sanctions. Because these types of violations remain a rare…