The Delaware Court of Chancery, and the members of its bench, have been sued in the U.S. District Court for the District of Delaware over the relatively new arbitration procedures that allow for selected lawsuits involving at least $1 million to be filed under seal, with the consent of all parties, and provide for a
arbitration
Chancery Determines that Non-signatories are Not Bound by Arbitration Clause
By Francis Pileggi on
Posted in Court of Chancery Updates
Kuroda v. SPJS Holdings, LLC, C.A. No. 4030-CC (Del. Ch. Nov. 30, 2010), read opinion here. Highlights of prior Court of Chancery decisions in this case are available here and here.
Issue Decided
The Court of Chancery determined that none of the exceptions applied in this case to the general rule that…
Chancery Court Enjoins Arbitration as Time-Barred
By Francis Pileggi on
Posted in Court of Chancery Updates
Argyle Solutions, Inc. v. Professional Systems Corporation, Del. Ch., No. 4382-VCN (May 4, 2009), read opinion here.
This Chancery Court decision interpreted a soon-to-be-outdated provision of the Delaware Uniform Arbitration Act. In particular, on April 2, 2009 the Governor of Delaware signed into law legislation that will require arbitrators to resolve “in the first…