Court of Chancery Upholds Contractual Modification of Fiduciary Duties in Limited Partnership Context

by VeloCap Media | Apr 4, 2012 | Law Updates, LU12

Document: In re K-Sea Transportation Partners L.P. Unitholders Litig., C.A. No. 6301-VCP (Del. Ch. Apr. 4, 2012) The Delaware Court of Chancery dismissed claims that, inter alia, the general partner of a publicly-traded Delaware limited partnership, K-Sea...

Frank v. Elgamal et al., C.A. No. 6120-VCN (Del. Ch. Mar. 30, 2012)

by VeloCap Media | Mar 30, 2012 | Law Updates, LU12

Document: Frank v. Elgamal et al., C.A. No. 6120-VCN (Del. Ch. Mar. 30, 2012) The Delaware Court of Chancery held that four officers (the “Control Group”) of defendant American Surgical Holdings, Inc. (“American Surgical”) collectively...

Zimmerman v. Katherine D. Crothall et al., C.A. No. 6001-VCP (Del. Ch. Mar. 27, 2012)

by VeloCap Media | Mar 27, 2012 | Law Updates, LU12

Document:  Zimmerman v. Katherine D. Crothall et al., C.A. No. 6001-VCP (Del. Ch. Mar. 27, 2012) The Delaware Court of Chancery found that certain commonalities often shared by venture capital investors supported a reasonable inference that two venture capital...

Chancery Court Finds Board’s Decision to Give Controller Disparate Merger Consideration Likely Violates Fiduciary Duties

by VeloCap Media | Mar 6, 2012 | Law Updates, LU12

Document: In re Delphi Fin. Group S’holders Litig., C.A. No. 7144-VCG (Del. Ch. Mar. 6, 2012) The Delaware Court of Chancery found that plaintiffs had established a reasonable likelihood of success on the merits of their claims that Robert Rosenkranz...

Delaware Supreme Court Affirms Superior Court Decision Interpreting Preferred Stock

by VeloCap Media | Mar 5, 2012 | Law Updates, LU12

Alta Berkeley VI C.V. v. Omneon, Inc., C.A. No. 442, 2011 (Del. Mar. 5, 2012) The Delaware Supreme Court upheld the Delaware Superior Court’s decision to reject plaintiffs’ claim that they were entitled to receive their liquidation preference as holders of...

Chancery Court Rejects Disclosure and Revlon Claims

by VeloCap Media | Feb 29, 2012 | Law Updates, LU12

Document: In re Micromet, Inc. S’holders Litig., C.A. No. 7197-VCP (Del. Ch. Feb. 29, 2012) The Delaware Court of Chancery found that plaintiffs had not shown a reasonable likelihood of success on the merits of their claims that the directors of Micromet, Inc....