Central Mortgage Company v. Morgan Stanley Mortgage Capital Holdings LLC, C.A. No. 5140-CS (Del. Ch. Aug. 7, 2012). This Court of Chancery decision was the result of remand from a decision of the Delaware Supreme Court which was highlighted on these pages here, and which clarified the standard in Delaware for the review by the
Court of Chancery Defines Promissory Note as a Security Instrument
Fletcher International, Ltd. v. ION Geophysical Corp., C.A. No. 5109-CS (Del. Ch. May 23, 2012). Issue addressed: Whether several promissory notes issued in connection with the sale of a company should be considered “securities”? Short answer: The court found one of the notes to be a security.
Background
For more detailed background details,
Chancery Refuses to Modify Ruling that Excluded Expert Witness
Encite LLC v. Soni, et al., Del. Ch., C.A. No. 2476-VCG (Dec. 13, 2011). The prior decision by the Court of Chancery in this case, that this ruling refused to modify, was highlighted on this blog here. Another Chancery decision in this matter was summarized here.
This summary was prepared by a former associate
Chancery Court Applies 20-year Statute of Limitations for Contracts “Under Seal”; Rejects Laches Defense. Defines “Inquiry Notice”
Whittington v. Dragon Group L.L.C., No. 2291-VCP (Feb. 15, 2010), read opinion here.
Previous decisions of the Delaware courts in the long line of cases involving this internecine warfare among family members fighting over their interests in various business entities, have been summarized on this blog and can be found here.
This latest iteration by the
Delaware Supreme Court Affirms Chancery Court in AT & T Case Involving Stock Options
AT & T Corp. v. Lillis, (Del. Supr., March 9, 2009), read opinion here. In a rare split decision, the Delaware Supreme Court ruled 3-2 to affirm the original decision of the Chancery Court that was initially reversed by the Supreme Court (also a procedural rarity).
This case involves an attempt by former officers and directors of MediaOne Corp. (the