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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 Enjoins Shares Issued to Director Without Stockholder Approval

By Francis Pileggi on January 29, 2019
Posted in Court of Chancery Updates

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…

Chancery Declines to Enjoin Acquisition of Plains Exploration and Production Co.

By Francis Pileggi on May 10, 2013
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 August 20, 2011
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 October 27, 2008
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…

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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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Francis G.X. Pileggi

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