A recent Delaware Court of Chancery opinion began by describing the complaint as reading like a law school exam designed to test the knowledge of a student regarding the requirements in the DGCL that must be satisfied in connection with a merger, and the court commented that the company would not have done well on
motion for judgment on the pleadings
Specific Performance Granted Based on Plain Terms of the Parties’ Agreement
By Aimee Czachorowski on
Posted in Court of Chancery Updates
In Alliant Techsystems, Inc. v. MidOcean Bushnell Holdings, L.P., C.A. No. 9813-CB (Del. Ch. April 27, 2015), the Court of Chancery, in a Memorandum Opinion, granted Alliant’s motion for judgment on the pleadings. Alliant sought specific performance of a stock purchase agreement that required the parties to submit a dispute over the calculation…
Chancery Applies DGCL Section 144 to LLCs by Analogy
By Francis Pileggi on
Posted in Court of Chancery Updates
Feeley v. NHAOCG, LLC, C.A. No. 7304-VCL (Del. Ch. Oct. 12, 2012).
What this case is about: This Delaware Court of Chancery opinion addresses a dispute regarding management and control of an LLC based on an interpretation of the LLC agreement.
Why it is noteworthy: This pithy decision also addresses whether the vote…