by The Delaware Counsel Group, LLC | Sep 3, 2009 | Law Updates, LU09
Document: R & R Capital, LLC v. Merritt, C.A. No., 3989-CC, Chandler, C. (Sept. 3, 2009) Plaintiffs sought summary judgment on their claim that the Defendant was properly removed as manager and member of nine LLCs. Plaintiffs had provided notice to Defendant of...
by The Delaware Counsel Group, LLC | Jul 24, 2009 | Law Updates, LU09
Document: In Re Trados Inc. Shareholder Litig., C.A. No. 1512-CC, Chandler, C. (Del. Ch. July 24, 2009) This purported class action alleging breach of fiduciary duty claims challenged a merger transaction whereby Trados Incorporated became a wholly owned subsidiary of...
by The Delaware Counsel Group, LLC | Jul 14, 2009 | Law Updates, LU09
Document: Stockman v. Heartland Industrial Partners, L.P. et al., C.A. No. 4227-VCS (Del. Ch. July 14, 2009) Plaintiffs, two former officers and directors of Collins & Aikman Corporation, brought actions for advancement of legal fees and indemnification against...
by The Delaware Counsel Group, LLC | Jul 9, 2009 | Law Updates, LU09
Document: Berger v. Pubco Corp., No. 509, 2008, Jacobs, J. (Del. July 9, 2009) The Delaware Supreme Court reversed the Court of Chancery which had held that where notice of a Section 253 short-form merger did not disclose all material facts, the minority shareholders...
by The Delaware Counsel Group, LLC | Jun 30, 2009 | Law Updates, LU09
Document: Amazon.com, Inc. v. Hoffman, et al., C.A. No. 2239-VCN, Noble, V.C. (Del. Ch. June 30, 2009) Plaintiff Amazon challenged the issuance of preferred stock by defendant Basis Technology Corporation to a third party on the grounds that the defendant directors of...
by The Delaware Counsel Group, LLC | Jun 17, 2009 | Law Updates, LU09
Document: American International Group, Inc. Cons. Derivative Litig., C.A. No. 769-VCS, Strine, V.C., (Del. Ch. June 17, 2009) Defendants brought a motion to dismiss this derivative suit which raised the question of whether AIG could sue co-conspirators for harm AIG...
