Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
This article was prepared by Frank Reynolds, who has been following Delaware corporate law and writing about it in various publications for more than 35 years.
The Delaware Chancery Court has declined to dismiss shareholder derivative charges that Walmart Corp. officers and directors chose to let the company violate criminal law by putting opioid drug…
The UCLA Law School will be the venue for a conference on the American Law Institute’s pending Restatement of the Law, Corporate Governance. I have been asked to be on a panel that will discuss “Corporate Governance and Private Companies” and whether public and private companies may deal with corporate governance issues differently. On the…
The Annual Tulane Corporate Law Institute in New Orleans, held on March 23 and 24 this year, attracts leading practitioners in corporate and commercial law from around the country, including a somewhat disproportionately large number of lawyers from Delaware–as well as members of the Delaware judiciary who participate in panel presentations. For those who seek…
A short time ago, much was written (and I was quoted by Bloomberg Law) about a Court of Chancery decision finding that Caremark claims could proceed against the top HR officer of McDonald’s, but a few days ago, the Court of Chancery held that Caremark claims against the Board of Directors in connection with…
This post was prepared by Frank Reynolds, who has been following Delaware law and writing about it in various publications for over 30 years.
A recent milestone Chancery Court opinion found shareholders were not too late in charging that opioid maker AmerisourceBergen Corp.’s directors and officers disloyally prioritized profits over regulatory compliance and ignored red-flag…
In the matter of Patel v. Duncan, C.A. No. 2020-0418-MTZ (Del. Ch. May 17, 2020), the Court of Chancery addressed whether a party was indispensable for purposes of Court of Chancery Rule 19(a), and held that the case would not proceed until those parties were added. Anyone needing to know the latest iteration of Delaware…
The Delaware Court of Chancery recently explained the public policy involved, and the applicable criteria used by the court, to determine if “claims-splitting” should require the stay or dismissal of one lawsuit when the same parties are pursuing another lawsuit in another forum based on the same operative facts. In Goureau v. Lemonis, C.A.
This post was prepared by Frank Reynolds, who has been following Delaware corporate law, and writing about it for various legal publications, for over 30 years.
The Chancery Court recently green-lighted key parts of an investment company’s suit against officers and owners who allegedly inflated their I.T. and data center services provider’s worth, finding the…
This post is an aggregation of miscellaneous worthwhile Delaware corporate litigation developments that was easier to present as one post instead of multiple smaller posts:
1. Case Law Regarding Importance of Formalities to Modify Pretrial Scheduling Orders:
The number of jurists on the Delaware Court of Chancery was recently increased from five to seven by legislation. Today, the Governor nominated the two new vice chancellors for Delaware’s equity court, and they now will be considered by the Delaware Senate. A local Delaware publication at this link provides details about the two nominees:…