by The Delaware Counsel Group, LLC | May 20, 2016 | Law Updates, LU16
In Re Chelsea Therapeutics International Ltd. Stockholders Litigation, Consol. C.A. No. 9640-VCG (Del. Ch. May 20, 2016)The Court of Chancery addressed a class action suit which alleged a breach of the duty of loyalty by several independent, disinterested members of...
by The Delaware Counsel Group | May 11, 2016 | Law Updates, LU16
Employees Retirement System of the City of St. Louis v. TC Pipelines GP, Inc., et al C.A. No. 11603-VCG (Del. Ch. May 11, 2016)A limited partner (the “LP”) in a Delaware limited partnership (the “Company”) filed suit against the general partner...
by The Delaware Counsel Group, LLC | May 2, 2016 | Law Updates, LU16
On May 2, 2016, Governor Jack Markell declared his support for the Delaware Blockchain Initiative (the “Blockchain Initiative”) which would allow Delaware corporations to issue corporate shares using the same technology that powers the online currency Bitcoin. By...
by The Delaware Counsel Group, LLC | Apr 27, 2016 | Law Updates, LU16
Document: Obeid v. Hogan, C.A. No. 11900-VCL (Del. Ch. Apr. 27, 2016) The Court of Chancery examined the operating agreements of two Delaware limited liability companies (“LLCs”) to determine whether a third party could serve as the sole member of a special litigation...
by The Delaware Counsel Group, LLC | Apr 5, 2016 | Law Updates, LU16
Wong v. USES Holding Corp., C.A. No. 11475 (Del. Ch. Apr. 5, 2016) The Court of Chancery was asked to determine whether a former director and former officer were entitled to recover all fees they incurred to contest their former corporation’s refusal to provide...
by The Delaware Counsel Group, LLC | Mar 29, 2016 | Law Updates, LU16
Dieckman v. Regency GP LP, C.A. No. 11130 (Del. Ch. Mar. 29, 2016) The Court of Chancery analyzed a limited partnership agreement that eliminated all fiduciary duties but included a contractual governance structure. The governance structure contained a number of safe...
