Chancery Court Upholds Validity of Forum Selection Bylaws

by VeloCap Media | Jun 25, 2013 | Law Updates, LU13

Document: Boilermakers Local 154 Retirement Fund, et al. v. Chevron Corp., et al., C.A. No. 7220-CS (Del. Ch. June 25, 2013), and Iclub Inv. P’ship v. FedEx Corp., et al., C.A. No. 7238-CS (Del. Ch. June 25, 2013) The Delaware Court of Chancery held that forum...

Delaware Supreme Court Upholds Chancery Court Ruling on Forum Selection Clause

by VeloCap Media | May 29, 2013 | Law Updates, LU13

Document: National Industries Group Holding v. Carlyle Investment Management LLC, C.A. No. 596, 2012 (Del. May 29, 2013) The Delaware Supreme Court affirmed the Delaware Court of Chancery’s decision in an anti-suit injunction action, in which Carlyle Investment...

Chancery Court Holds Board Process Unreasonable Under Revlon, But Denies Injunction

by VeloCap Media | May 21, 2013 | Law Updates, LU13

Document: Koehler v. NetSpend Holdings, Inc., C.A. No. 8373-VCG (Del. Ch. May 21, 2013) The Delaware Court of Chancery found that the plaintiffs demonstrated a reasonable likelihood of success on the merits of their claim that the single-bidder sales process...

Chancery Court Upholds Single Bidder Negotiation Strategy

by VeloCap Media | May 9, 2013 | Law Updates, LU13

Document: In re Plains Exploration & Production Company Stockholder Litig., Cons. C.A. No. 8090-VCN (Del. Ch. May 9, 2013) The Court found that there was not a reasonable likelihood that plaintiffs would be successful on the merits of their claims that the board...

Chancery Court Outlines Directors’ Obligations in Connection with Private Stock Sales

by VeloCap Media | May 1, 2013 | Law Updates, LU13

Document: In re Wayport Inc. Litig., Consol. C.A. No. 4167-VCL (Del. Ch. May 1, 2013) The Delaware Court of Chancery resolved a conflict in authority over the circumstances under which a director of a Delaware corporation owes a fiduciary duty to disclose material...

Chancery Court Holds That a Party’s Exercise (or Failure to Exercise) an Express Contractual Right Cannot Give Rise to a Fiduciary Claim

by VeloCap Media | Apr 30, 2013 | Law Updates, LU13

Document: Blaustein v. Lord Baltimore Capital Corp., C.A. No. 6685-VCN (Del. Ch. Apr. 30, 2013) The Court considered the extent to which the implied covenant of good faith and fair dealing could be used by a stockholder in a closely-held, Delaware corporation to force...