A recent Court of Chancery decision is notable for its analysis of an issuance of shares approved by a sole director–but without stockholder approval. In the matter of Applied Energetics, Inc. v. Farley, C.A. No. 2018-0489-TMR (Del. Ch. Jan. 24, 2019), the court considered a somewhat unusual set of facts that included a shell
preliminary injunction standard
Chancery Declines to Enjoin Acquisition of Plains Exploration and Production Co.
By Francis Pileggi on
Posted in Court of Chancery Updates
In Re Plains Exploration & Production Company Stockholder Litigation, Cons., C.A. No. 8090-VCN (Del. Ch. May 9, 2013).
Issues Addressed: Were Revlon duties of the board breached due to the absence of a special committee and pre-market check in connection with the sale of the company, and (ii) were disclosure obligations breached due…
Chancery Court Issues Preliminary Injunction Against Verizon Union Strikers
By Francis Pileggi on
Posted in Court of Chancery Updates
In Verizon of Delaware, Inc. v. Communications Workers of America, Local Nos. 13100 and 13101, et al., C.A. No. 6766-CS (Order) (Del. Ch. Aug. 10, 2011), available here, the Court of Chancery addressed the problems that arose with picketing during the recent Verizon employee strike.
This post was prepared by a former associate of…
Chancery Recites Prerequisites for Preliminary Injunction and Enjoins Arbitration of Claims
By Francis Pileggi on
Posted in Court of Chancery Updates
In HDS Investment Holding, Inc. v. The Home Depot, Inc., (Del. Ch., Oct. 17, 2008), read opinion here, the Chancery Court (for the second time in about a week in two unrelated cases), decided that the agreement between the parties required the court to decide certain contractual issues, and enjoined an attempt by…