by VeloCap Media | Feb 29, 2012 | Law Updates, LU12
Document: In re El Paso Corp. S’holder Litig., C.A. No. 6949-CS (Del. Ch. Feb. 29, 2012) The Delaware Court of Chancery found that plaintiffs were reasonably likely to succeed on the merits of their claims that the CEO of El Paso corporation (“El...
by VeloCap Media | Feb 27, 2012 | Law Updates, LU12
Document: In re BankAtlantic Bancorp, Inc. Litig., C.A. No. 7068-VCL (Del. Ch. Feb. 27, 2012) The Delaware Court of Chancery enjoined defendant BankAtlantic Bancorp, Inc., a bank holding company (“Bancorp”), from consummating a sale of its only...
by VeloCap Media | Feb 8, 2012 | Law Updates, LU12
Williams v. Calypso Wireless, Inc., C.A. No. 7140-VCL (Del. Ch. Feb. 8, 2012) The Delaware Court of Chancery took the extraordinary step of appointing a receiver to dissolve a publicly traded corporation that was essentially defunct, under Section 322 of the Delaware...
by VeloCap Media | Feb 7, 2012 | Law Updates, LU12
Document: Hermelin v. K-V Pharmaceutical Co., C.A. No. 6936-VCG (Del. Ch. Feb. 7, 2012) The Delaware Court of Chancery considered, interalia, whether a former corporate officer was entitled to be indemnified for expenses under Section 145(c) of the DGCL on the basis...
by VeloCap Media | Jan 27, 2012 | Law Updates, LU12
Document: Auriga Capital Corp. v. Gatz Properties, LLC, C.A. No. 4390-CS (Del. Ch. Jan. 27, 2012) The Delaware Court of Chancery held that the manager and majority owner of a limited liability company (the “LLC”) breached his fiduciary duties by allowing the LLC’s...
by VeloCap Media | Jan 13, 2012 | Law Updates, LU12
Document: Shiftan et al. v. Morgan Joseph Holdings, Inc., C.A. No. 6424-CS (Del. Ch. Jan. 13, 2012) The Delaware Court of Chancery granted summary judgment in favor of petitioners on the issue of whether a mandatory redemption provision, which provided for an...
