by VeloCap Media | May 5, 2010 | Law Updates, LU10
Document: MCG Capital Corp. v. Maginn, C.A. No. 4521-CC (Del. Ch. May 5, 2010) This case was the first time that the Court of Chancery was presented with the question of whether preferred stockholders have the same standing to due derivatively on behalf of the...
by VeloCap Media | May 3, 2010 | Law Updates, LU10
Document: Sutherland v. Sutherland, C.A. No. 2399-VCN (Del. Ch. May 3, 2010) This opinion, which is the latest installment in a series of opinions arising from a dispute among siblings in a family-run corporation, involved allegations of waste and breaches of the...
by VeloCap Media | Apr 29, 2010 | Law Updates, LU10
Document: Binks v. DSL.net, Inc., C.A. No. 2823-VCN (Del. Ch. Apr. 29, 2010) This case explores several fundamental concepts of Delaware corporate law, including the business judgment rule and the applicability of Revlon duties in the context of a determination by an...
by VeloCap Media | Apr 28, 2010 | Law Updates, LU10
Document: Ross Holding and Management Company v. Advance Realty Group LLC, C.A. No. 4113-VCN (Del. Ch. Apr. 28, 2010) This opinion highlights the fact that Delaware’s Limited Liability Company Act and related case law do not provide much guidance with respect to the...
by VeloCap Media | Apr 23, 2010 | Law Updates, LU10
Document: Global GT LP v. Golden Telecom, Inc., C.A. No. 3698-VCS (Del. Ch. Apr. 23, 2010) In this appraisal action, the Court of Chancery was tasked with the fairly challenging job of valuing a Russian-based telecommunications company that was listed on NASDAQ. As...
by VeloCap Media | Apr 23, 2010 | Law Updates, LU10
Document: Ashall Homes Limited v. ROK Entertainment Group, Inc., C.A. No. 4643-VCS (Del. Ch. Apr. 23, 2010) This opinion affirms the validity of forum selection and choice of law clauses in the agreements entered into between the corporation and its stockholders which...
