Rule 56(h)

Court of Chancery Defines Promissory Note as a Security Instrument

By Francis Pileggi on May 27, 2012

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

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Court Rejects Claim by Lowest Bidder Who Did Not Receive Public Contract

By Francis Pileggi on October 20, 2008

Posted in Court of Chancery Updates

Danvir Corp. v. City of Wilmington, (Del. Ch., Oct. 6, 2008), read opinion here , is a Chancery Court decision that denied injunctive relief requested by the lowest bidder on a public contract awarded by the City of Wilmington. Although the facts of this case involve some aspects that are peculiar to the City of Wilmington and…

Delaware Corporate & Commercial Litigation Blog

Rule 56(h)

Court of Chancery Defines Promissory Note as a Security Instrument

Court Rejects Claim by Lowest Bidder Who Did Not Receive Public Contract

Francis G.X. Pileggi

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