by The Delaware Counsel Group, LLC | Feb 12, 2009 | Law Updates, LU09
Document: Norfolk County Retirement System v. Jos. A. Bank Clothiers, Inc., C.A. No. 3443-VCP, Parsons, V.C. (Del Ch. Feb. 12, 2009) Plaintiff brought suit under Section 220 of the Delaware General Corporation Law to demand certain books and records of the Defendant...
by The Delaware Counsel Group, LLC | Feb 10, 2009 | Law Updates, LU09
Document: American International Group, Inc., v. Greenberg, et al., C.A. No. 769-VCS, Strine, V.C. (Del. Ch. Feb. 10, 2009) Stockholders of American International Group (AIG) brought a derivative suit to recover for damage done when it was revealed that intentional...
by The Delaware Counsel Group, LLC | Feb 6, 2009 | Law Updates, LU09
Document: Spellman v. Katz, C.A. No. 1838-VCN, Noble, V.C. (Del. Ch. Feb. 6, 2009) Plaintiff and Defendant practiced medicine together in a facility constructed by KSA L.L.C., an entity in which they each held a 50% interest. Their relationship soured and Plaintiff...
by The Delaware Counsel Group, LLC | Feb 3, 2009 | Law Updates, LU09
Document: BAE Systems Information and Electronic Systems Integration, Inc. v. Lockheed Martin Corp. d/b/a/ Lockheed Martin STS-Orlando, C.A. No. 3099-VCN, Noble, V.C. (Del. Ch. Feb. 3, 2009) Defendant defense contractor sold a major business unit to Plaintiff defense...
by The Delaware Counsel Group, LLC | Jan 27, 2009 | Law Updates, LU09
Document: Gantler v. Stephens, C.A. No. 132, 2008, Steele, C.J. (Del. Jan. 27, 2009) The Delaware Supreme Court reversed the Chancery Court’s dismissal of claims based on the business judgment rule. Plaintiff shareholders claimed breaches of fiduciary duty in...
by The Delaware Counsel Group, LLC | Jan 21, 2009 | Law Updates, LU09
Document: Topspin Partners L.P. v. Rocksolid Systems Inc., C.A. 4275-VCL, Lamb, V.C. (Del. Ch. Jan. 21, 2009) Plaintiff sought a temporary restraining order in connection with an allegedly unauthorized use of proceeds from a stock sale segregated for Plaintiff’s...
