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Delaware Corporate & Commercial Litigation Blog

Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery

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Chancery Rejects Revlon Claims in Two Recent Decisions

By Francis Pileggi on August 1, 2013
Posted in Court of Chancery Updates

In Re Morton’s Restaurant Group, Inc. Shareholders Litigation, C. A. No. 7122-CS (Del. Ch. July 23, 2013). This is one of two recent Chancery opinions that dismisses claims that directors did not meet their burden under Revlon to receive the best price in connection with the sale of a company.

In this Morton’s Restaurant…

Chancery Dismisses Revlon Claim in Private Equity Buyout

By Francis Pileggi on February 14, 2013
Posted in Court of Chancery Updates

In re BJ’s Wholesale Club, Inc. S’holders Litig., Cons., C.A. No. 6623-VCN (Del. Ch. Jan. 31, 2013).

What this Case is About

This case alleged breaches of fiduciary duty in connection with the purchase of all outstanding shares by private equity firms.  The Court granted a motion to dismiss in this 41-page decision.

Quick …

Chancery Court Finds Pre-Suit Demand Not Excused

By Francis Pileggi on February 16, 2009
Posted in Court of Chancery Updates

In Re: Affiliated Computer Services, Inc. Shareholders Litigation,  (Del. Ch., February 6, 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 Bove.  

In a dispute involving yet another victim of…

About Francis

Francis practices primarily in the areas of corporate and commercial litigation. His practice includes representation in high-stakes disputes for a wide range of clients in many industries
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