by The Delaware Counsel Group, LLC | Oct 22, 2008 | Law Updates, LU08
Document: Olson v. Halvorsen, et al., C.A. No. 1884-VCL, Lamb, V.C. (Del. Ch. Oct. 22, 2008) The Chancery Court, in granting summary judgment to the defendant partners of a hedge fund, held that the Statute of Frauds applies to LLC operating agreements, an issue that...
by The Delaware Counsel Group, LLC | Oct 17, 2008 | Law Updates, LU08
Document: HDS Investment Holding, Inc. v. The Home Depot, Inc., C.A. No. 3968-CC, Chandler, C. (Del. Ch. Oct. 17, 2008) In addressing several motions to dismiss, the Court narrowly interpreted an arbitration provision under New York law which gave an independent...
by The Delaware Counsel Group, LLC | Oct 15, 2008 | Law Updates, LU08
Document: Noe, et al. v. Kropf, et al., C.A. No. 4050-CC, Chandler, C. (Del. Ch. Oct. 15, 2008) The Court granted motions to intervene and to vacate an order to expedite proceedings by a contested stockholder in an action where the plaintiffs alleged that shares of...
by The Delaware Counsel Group, LLC | Oct 14, 2008 | Law Updates, LU08
Document: Dow Chem. Int’l Inc. of Delaware, C.A. No. 3972-CC, Chandler, C. (Del. Ch. Oct. 14, 2008) The Court denied an application to appoint a receiver, where the petitioner was an attorney representing a group of plaintiffs seeking to pursue tort litigation against...
by The Delaware Counsel Group, LLC | Sep 29, 2008 | Law Updates, LU08
Document: Hexion Specialty Chemicals, Inc., et al. v. Huntsman Corp., C.A. No. 3841-VCL, Lamb, V.C. (Del. Ch. Sept. 29, 2008) The parties, both large chemical corporations, had entered into a merger agreement by which Hexion Specialty Chemicals (“Hexion”) would...
by The Delaware Counsel Group, LLC | Sep 24, 2008 | Law Updates, LU08
Document: Kahn v. McCarthy, et al., C.A. No. 4054-CC, Chandler, C. (Del. Ch. Sept. 24, 2008) Plaintiff sought a temporary restraining order prohibiting Defendants from consummating the merger of PFF Bancorp (“PFF”) with FBOP Corporation, claiming the proxy statement...
