AT&T Corp. v. Lillis, et al., No. 490, 2007, Berger, J. (Del. March 9, 2009)

by The Delaware Counsel Group, LLC | Mar 9, 2009 | Law Updates, LU09

Document: AT&T Corp. v. Lillis, et al., No. 490, 2007, Berger, J. (Del. March 9, 2009) Former officers and directors of MediaOne Corporation sought compensation from AT&T for the full value of their stock options.  AT&T had admitted many of the substantive...

BASF Corp. v. POSM II Properties Partnership, L.P., et al., C.A. No. 3608-VCS, Strine, V.C. (Del. Ch. March 3, 2009)

by The Delaware Counsel Group, LLC | Mar 3, 2009 | Law Updates, LU09

Document:  BASF Corp. v. POSM II Properties Partnership, L.P., et al., C.A. No. 3608-VCS, Strine, V.C. (Del. Ch. March 3, 2009) The Plaintiff corporation sought to withdraw from the Defendant limited partnership and have its limited partnership interest bought out. ...

Metcap Securities LLC, et al. v. Pearl Senior Care, Inc., et al., C.A. No. 2129-VCN, Noble, V.C. (Del. Ch. Feb. 27, 2009)

by The Delaware Counsel Group, LLC | Feb 27, 2009 | Law Updates, LU09

Document: Metcap Securities LLC, et al. v. Pearl Senior Care, Inc., et al., C.A. No. 2129-VCN, Noble, V.C. (Del. Ch. Feb. 27, 2009) The facilitators of an acquisition brought suit to recover a $20 million fee, representing 1% of the $2 billion merger.  As negotiations...

Beiser v. PMC-Sierra, Inc., C.A. No. 3893-VCL, Lamb, V.C. (Del. Ch. Feb. 26, 2009)

by The Delaware Counsel Group, LLC | Feb 26, 2009 | Law Updates, LU09

Document: Beiser v. PMC-Sierra, Inc., C.A. No. 3893-VCL, Lamb, V.C. (Del. Ch. Feb. 26, 2009) Plaintiff brought suit under 8 Del. C. § 220 for the production of certain books and records while simultaneously serving as the lead plaintiff in a related federal action in...

In Re Citigroup Inc. Shareholder Derivative Litigation, C.A. No. 3338-CC, Chandler, C. (Del. Ch. Feb. 24, 2009)

by The Delaware Counsel Group, LLC | Feb 24, 2009 | Law Updates, LU09

Document:  In Re Citigroup Inc. Shareholder Derivative Litigation, C.A. No. 3338-CC, Chandler, C. (Del. Ch. Feb. 24, 2009) Plaintiff shareholders brought suit against current and former Citigroup directors for breaches of fiduciary duty for failing to properly monitor...

Banet, et al. v. Fonds de Régulation et de Controle Café Cacao, et al., C.A. No. 3742-CC, Chandler, C. (Del. Ch. Feb. 18, 2009)

by The Delaware Counsel Group, LLC | Feb 18, 2009 | Law Updates, LU09

Document: Banet, et al. v. Fonds de Régulation et de Controle Café Cacao, et al., C.A. No. 3742-CC, Chandler, C. (Del. Ch. Feb. 18, 2009) Plaintiffs moved for summary judgment on their request for appointment of a receiver for the New York Chocolate and Confections...