A recent Delaware Court of Chancery decision must be read by anyone interested in the latest iteration of Delaware law concerning when a non-signatory may be bound by a forum selection clause in an agreement. In Florida Chemical Company, LLC v. Flotek Industries, Inc., C.A. No. 2021-0288-JTL (Del. Ch. Aug. 17, 2021), the court provides
injunction
Chancery Denies Request to Enjoin Tender Offer for Biopharmaceutical Company
By Francis Pileggi on
Posted in Court of Chancery Updates
In Re: Micromet, Inc. Shareholders Litigation, C.A. No. 7197-VCP (Del. Ch. Feb. 29, 2012).
Issue Addressed
The issue in this case is whether a motion for preliminary injunction should be granted to enjoin an all-cash negotiated tender off for all the shares of a biopharmaceutical company. Plaintiffs are the shareholders of the target company…
Chancery Enjoins BankAtlantic Sale to BB&T Corp.
By Francis Pileggi on
Posted in Court of Chancery Updates
In Re BankAtlantic Bancorp Inc. Litigation, Consol. C. A. No. 7068-VCL (Del. Ch. Feb. 27, 2012). This 42-page opinion of the Delaware Court of Chancery, along with a 14-page appendix to the opinion, permanently enjoined Bancorp from consummating the sale of its equity to BB&T Corporation, after a 3-day trial. This decision has received…