Tag Archives: DGCL Section 144

Recent Decision Clarifies Safe Harbors in DGCL § 144 for Board Action

The following article appeared in the current issue of the Delaware Business Court Insider: Recent Decision Clarifies Safe Harbors in DGCL § 144 for Board Action By: Francis G.X. Pileggi* and Chauna A. Abner** The recent Superior Court decision in Toedtman v. Turnpoint Medical Devices, Inc., C.A. No. N17C-08-210 RRC (Del. Super. Ct., Jan 23, … Continue Reading

Proposed Class Action Settlement Rejected by Chancery Court

In Off v. Ross, et al., (Del. Ch., Nov. 26, 2008), read opinion here, the Delaware Chancery Court rejected a proposed class action settlement (and related request for attorneys’ fees), in a derivative and putative class action that challenged the fiduciary duties of the Board of Trustees of a Delaware statutory trust. The complaint sought to … Continue Reading
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