by The Delaware Counsel Group, LLC | Dec 1, 2009 | Law Updates, LU09
Document: Vichi v. Koninklijke Philips Electronics N.V., C.A. No. 2578-VCP, Parsons, V.C. (Del. Ch. Dec. 1, 2009) This action involved a dispute over a loan between a Netherlands holding company and plaintiff. Defendants moved to dismiss on several grounds, including...
by The Delaware Counsel Group, LLC | Dec 1, 2009 | Law Updates, LU09
Document: Mangano v. Pericor Therapeutics, Inc., C.A. No. 3777-VCN, Noble, V.C. (Del. Ch. Dec. 1, 2009) Plaintiff held a substantial percentage of Defendant’s shares, many of which were in a voting trust. The trust under its terms would terminate when Plaintiff’s...
by The Delaware Counsel Group, LLC | Nov 30, 2009 | Law Updates, LU09
Document: Texas Eastern Overseas, Inc., C.A. No. 4326-VCN, Noble, V.C. (Del. Ch. Nov. 30, 2009) Petitioner Ameripride Services sought the appointment of a receiver under Section 279 of the DGCL for Texas Eastern Overseas (“TEO”), a dissolved corporation, to maintain a...
by The Delaware Counsel Group, LLC | Nov 24, 2009 | Law Updates, LU09
Document: Levinhar, et al. v. MDG Medical, Inc. et al., C.A. No. 4301-VCS, Strine, V.C. (Del. Ch. Nov. 24, 2009) Plaintiffs, the founders and former directors of MDG Medical, brought an action under Section 225 of the DGCL asserting that their ouster from the MDG...
by The Delaware Counsel Group, LLC | Nov 12, 2009 | Law Updates, LU09
Document: Lola Cars Intn’l Limited v. Krohn Racing, LLC, et al., C.A. Nos. 4479-VCN and 4886-VCN, Noble, V.C. (Del. Ch. Nov. 12, 2009) Plaintiff Lola owned 51% of an LLC with Defendant Krohn owning the remaining 49%. However, they agreed to equal representation on...
by The Delaware Counsel Group, LLC | Oct 26, 2009 | Law Updates, LU09
Document: Xu Hong Bin, et al. v. Heckmann Corp., et al., C.A. No. 4637-CC, Chandler, C. (Del. Ch. Oct. 26, 2009) The Court granted the plaintiffs’ motion to dismiss defendants’ counter-claims based on breach of contract and conversion as failing to state a claim, but...
