by The Delaware Counsel Group, LLC | Mar 6, 2008 | Law Updates, LU08
Document: In re SS&C Technologies, C.A. No. 1525-VCL, Lamb, V.C. (Del. Ch. March 6, 2008) The court addressed a motion to impose sanctions on the plaintiffs and their counsel. The defendants requested this motion in response to: a motion filed by the plaintiffs...
by The Delaware Counsel Group, LLC | Mar 3, 2008 | Law Updates, LU08
Document: Reddy v. MBKS Company Limited, No. 300, 2007, Jacobs, J. (Del. March 3, 2008) Reddy, the defendant below, appealed an order from the Court of Chancery granting summary judgment in favor of MBKS. The issue was whether the Court of Chancery correctly...
by The Delaware Counsel Group, LLC | Feb 29, 2008 | Law Updates, LU08
Document: Postorivo v. Ag Paintball Holdings, Inc., C.A. No. 3111-VCP, Parsons, V.C. (Del. Ch. Feb. 29, 2008) The Court granted the Defendant’s motion to dismiss, because the Plaintiff lacked standing to bring a derivative lawsuit because he was not a shareholder in...
by The Delaware Counsel Group, LLC | Dec 21, 2007 | Law Updates, LU07
Document: United Rentals, Inc. v. RAM Holdings, Inc., C.A. No. 3360-CC, Chandler, C. (Del. Ch. Dec. 21, 2007) The Court denied the plaintiffs’ motion for summary judgment where it found that a merger agreement was ambiguous, and after a two day trial found that the...
by The Delaware Counsel Group, LLC | Dec 21, 2007 | Law Updates, LU07
Document: Alaska Elec. Pension Fund v. Brown, No. 85, 2007, Berger, J. (Del. Dec. 21, 2007) The Supreme Court reversed and remanded the decision of the Court of Chancery, holding that where an out of state class action plaintiff gained an additional benefit after the...
by The Delaware Counsel Group, LLC | Dec 20, 2007 | Law Updates, LU07
Document: The Territory of the U.S. Virgin Islands v. Goldman, Sachs & Co., C.A. No. 2505-VCS, Strine, V.C. (Del. Ch. Dec. 20, 2007) The Court dismissed for failure to state a claim, a suit for liquidation distributions against a former stockholder in a...
