Caremark Claims Relating to Board’s Oversight of Company’s China Operations Survive a Motion to Dismiss

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

Document: George Rich, Jr. v. Yu Kwai Chong, et al., C.A. No. 7616-VCG (Del. Ch. Apr. 25, 2013) The Delaware Court of Chancery denied defendant directors’ motion to dismiss plaintiffs’ claims that the directors breached their fiduciary duties under...

Chancery Court Enjoins Board from Impeding Proxy Contest

by VeloCap Media | Mar 8, 2013 | Law Updates, LU13

Document: Kallick v. Sandridge Energy, Inc., C.A. No. 8182-CS (Del. Ch. Mar. 8, 2013) The Delaware Court of Chancery enjoined an incumbent board from impeding a proxy contest until the board approved the dissent slate for purposes of a change in control provision in...

Chancery Court Declines to Expedite Claim that Deal Protection Provisions Were Preclusive of Other Offers

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

Document: In Re BioClinica, Inc. Shareholder Litig., C.A. No. 8272-VCG (Del. Ch. Feb. 25, 2013) The Delaware Court of Chancery declined to expedite plaintiffs’ claims that the board of directors of BioClinica, Inc. (“BioClinica”) breached its...

Chancery Court Finds Corporation Did Not Violate Anti-Assignment Clause in a Licensing Agreement by Merging

by VeloCap Media | Feb 22, 2013 | Law Updates, LU13

Document: Meso Scale Diagnostics, LLC v. Roche Diagnostics GMBH, C.A. No. 5589–VCP (Del. Ch. Feb. 22, 2013) The Delaware Court of Chancery rejected plaintiffs’ claim that the surviving corporation to a merger breached an anti-assignment clause in a licensing...

Chancery Court Declines to Dismiss Claims That Directors Breached Their Fiduciary Duties by Resigning from Board of a Troubled Company

by VeloCap Media | Feb 6, 2013 | Law Updates, LU13

Re Puda Coal, Inc., Stockholders Litig., C.A, No. 64676-CS (Del. Ch. Feb. 6, 2013) (TRANSCRIPT) The Delaware Court of Chancery declined to dismiss a Caremark claim, among others, brought against the board of directors of a China-based corporation, Puda Coal, Inc....

Chancery Court Dismisses Fiduciary Claims Relating to Alleged Disparate Treatment of Strategic and Private Equity Buyers

by VeloCap Media | Jan 31, 2013 | Law Updates, LU13

Document:  In re BJ’s Wholesale Club, Inc. Shareholders Litig., C.A. No. 6623-VCN (Del. Ch. Jan. 31, 2013) The Delaware Court of Chancery dismissed plaintiffs’ claim that the members of the board of directors of BJ’s Wholesale Club, Inc....