by The Delaware Counsel Group, LLC | May 6, 2009 | Law Updates, LU09
Document: JAKKS Pacific, Inc. v. THQ/JAKKS Pacific, LLC ,et al., C.A. No. 4295-VCL, Lamb, V.C. (Del. Ch. May 6, 2009) After two joint-adventurers formed a limited liability company to exploit a video game license, the relationship soured, and one member instituted a...
by The Delaware Counsel Group, LLC | Apr 30, 2009 | Law Updates, LU09
Document: Nemec v. Shrader, et al., C.A. No. 3878-CC, Chandler, C. (Del. Ch. April 30, 2009) The Court of Chancery dismissed breach of fiduciary claims against defendant directors in connection with a retirement contract entered into between defendant Booz Allen...
by The Delaware Counsel Group, LLC | Apr 27, 2009 | Law Updates, LU09
Document: Ivize of Milwaukee, LLC v. Compex Litig. Support, et al.; Ivize of Kansas City, LLC v. Compex Litig. Support, et al., C.A. Nos. 3158-VCL and 3406-VCL, Lamb, V.C. (Del. Ch. April 27, 2009) Plaintiffs, the purchaser of the Defendant litigation support...
by The Delaware Counsel Group, LLC | Apr 23, 2009 | Law Updates, LU09
Document: In Re: Arrow Investment Advisors, LLC, C.A. No. 4091-VCS, Strine, V.C. (Del. Ch. April 23, 2009) Petitioner sought dissolution of the Respondent Arrow Investment Advisors, LLC (the “LLC”) on the grounds that it failed to fulfill the LLC’s original business...
by The Delaware Counsel Group, LLC | Apr 21, 2009 | Law Updates, LU09
Document: Stevanov v. O’Connor, C.A. No. 3820-VCP, Parsons, V.C. (Del. Ch. April 21, 2009) After the failure of both their marriage and business venture, Plaintiff ex-wife brought suit for breaches of fiduciary duty, conversion, unjust enrichment and fraud in...
by The Delaware Counsel Group, LLC | Apr 21, 2009 | Law Updates, LU09
Document: FLI Deep Marine LLC v. McKim, C.A. No. 4138-VCN, Noble, V.C. (Del. Ch. April 21, 2009) Plaintiffs initially made a demand on the Board of Deep Marine Holdings, Inc. (the “Company”) rather than bring a derivative action and allege demand futility. After the...
