by The Delaware Counsel Group, LLC | Jun 23, 2008 | Law Updates, LU08
Document: Jackson Walker L.L.P., v. Spira Footwear, Inc., C.A. No. 3150-VCP, Parsons, V.C. (Del. Ch. June 23, 2008) In an issue of first impression before the Court of Chancery, the Court granted Plaintiff’s motion for summary judgment and upheld its right to...
by The Delaware Counsel Group, LLC | Mar 27, 2008 | Law Updates, LU08
Document: Philadelphia Stock Exchange, Inc., Nos. 613/65, 2007, Jacobs, J. (DE March 27, 2008) The court affirmed the decision made by the Court of Chancery. There was an appeal from an Order and Final Judgment of the Court of Chancery approving a settlement of this...
by The Delaware Counsel Group, LLC | Mar 17, 2008 | Law Updates, LU08
Document: In re infoUSA, Inc., C.A. No. 1956-CC, Chandler, C. (Del. Ch. March 17, 2008) The court granted the Special Litigation Committee (“SLC”) of the Board of Directors of defendant infoUSA’s motion to stay. The defendant formed the SLC in response to derivative...
by The Delaware Counsel Group, LLC | Mar 13, 2008 | Law Updates, LU08
Document: Jana Master Fun, Ltd., v. CNET Networks, Inc., C.A. No. 3447-CC, Chandler, C. (Del. Ch. March 13, 2008) JANA sought to replace the two current directors who were up for re-election, expand the size of the board from eight to thirteen, and nominate five...
by The Delaware Counsel Group, LLC | Mar 7, 2008 | Law Updates, LU08
Hauspie v. Stonington Partners, Inc., C.A. No. 18524-NC, Berger, J. (Del. March 7, 2008) The Court addressed whether a default judgment in excess of $750 million should be vacated. The trial court rejected Defendant’s arguments concerning defects in service of...
by The Delaware Counsel Group, LLC | Mar 7, 2008 | Law Updates, LU08
Document: Weiss v. Swanson, C.A. No. 2828-VCL, Lamb, V.C. (Del. Ch. March 7, 2008) The Court denied the Defendant’s motion to dismiss in this derivative action. The Court concluded that the complaint sufficiently pled a claim of breach of fiduciary duty against a...
