Chancery Court reduces attorney’s fees granted to plaintiff in derivative action based on the quality of the disclosures

by VeloCap Media | May 3, 2011 | Law Updates, LU11

In re Saur-Danfoss Inc. S’holders Litig., C.A. No. 5162-VCL (Del. Ch. May 3, 2011) Minority stockholders sought $750,000 in attorney’s fees where their negotiation and subsequent litigation caused a controlling stockholder to make certain disclosures and eventually...

Chancery Court holds that you need to tell the other side that documents exist, but you don’t have to sort your opponent’s documents

by VeloCap Media | Apr 18, 2011 | Law Updates, LU11

Document: DFG Wine Company, LLC v. Eight Estates Wine Holdings, LLC, C.A. No. 6110-VCN (Del. Ch. Apr. 18, 2011) In a letter opinion, the Court of Chancery addressed an LLC books and records action by a member of a Delaware LLC.  The Court granted plaintiff’s demand...

Chancery Court holds that split off was not a violation of the Company’s Indenture

by VeloCap Media | Apr 6, 2011 | Law Updates, LU11

Liberty Media Corp. v. The Bank of N.Y. Mellon, C. A. No. 5702-VCL (Del. Ch. Apr. 6, 2011) Plaintiff, Liberty Media Corp (“Liberty”), sought a declaratory judgment that the distribution of two divisions of its company to its stockholders, in order to split off new...

TR Investors, LLC v. Genger, C.A. No. 3994-VCS (Del. Ch. July 23, 2010)

by VeloCap Media | Jul 23, 2010 | Law Updates, LU10

Document: TR Investors, LLC v. Genger, C.A. No. 3994-VCS (Del. Ch. July 23, 2010) TR Investors, LLC and other capital investors of Trans-Resources, Inc. brought an action to have the Chancery Court determine control of the Trans-Resources board pursuant to 8 Del. C. §...

Related Westpac LLC v. JER Snowmass LLC, C.A. No. 5001-VCS (Del. Ch. July 23, 2010)

by VeloCap Media | Jul 23, 2010 | Law Updates, LU10

Document: Related Westpac LLC v. JER Snowmass LLC, C.A. No. 5001-VCS (Del. Ch. July 23, 2010) JER Snowmass LLC, a funding member of two LLCs formed to pursue a land development project, filed a motion to dismiss a complaint filed by Related Westpac LLC, operating...

In Re CNX Gas Corp. S’holder Litig., C.A. No. 5377-VCL (Del. Ch. July 5, 2010)

by VeloCap Media | Jul 5, 2010 | Law Updates, LU10

Document: In Re CNX Gas Corp. S’holder Litig., C.A. No. 5377-VCL (Del. Ch. July 5, 2010) Controlling shareholders of CNX Gas Corporation sought to certify for interlocutory appeal a decision of the Chancery Court denying a preliminary injunction by a class of minority...