by The Delaware Counsel Group, LLC | Oct 2, 2007 | Law Updates, LU07
Document: Baypo Ltd. P’ship v. Tech. JV, LP, C.A. No. 2693-VCL, Lamb, V.C. (Del. Ch. Oct. 2, 2007) The Court stayed claims requesting the reformation of contracts in favor of arbitration, where the parties expressed the clear intention that the issue of the ability to...
by The Delaware Counsel Group, LLC | Sep 28, 2007 | Law Updates, LU07
Documents: In re: Career Educ. Corp. Deriv. Litig., Consol. C.A. No. 1398-VCP, Parsons, V.C. (Del. Ch. Sept. 28, 2007) The Court dismissed a consolidated derivative complaint for failure to allege demand refusal, where the plaintiffs were precluded from litigating the...
by The Delaware Counsel Group, LLC | Sep 14, 2007 | Law Updates, LU07
Documents: Twin Bridges Limited P’ship v. Draper, C.A. No. 2351-VCP, Parsons, V.C. (Del. Ch. Sept. 14, 2007) The Court granted summary judgment to a general partner of a partnership regarding claims requesting the declaration of the validity of an amendment to the...
by The Delaware Counsel Group, LLC | Sep 11, 2007 | Law Updates, LU07
Document: In re Tyson Foods, Inc. Consol. S’holder Litig., C.A. No. 1106-CC, Chandler, C. (Del. Ch. Sept. 11, 2007) The Court granted the plaintiffs’ motion to compel production of documents regarding related party transactions where such documents were “relevant to...
by The Delaware Counsel Group, LLC | Sep 11, 2007 | Law Updates, LU07
Document: B.F. Rich & Co., Inc. v. Gray, No. 617, 2006, Jacobs, J. (Del. Sept. 11, 2007) The Delaware Supreme Court reversed the Court of Chancery’s decision, in the appeal of a judicial determination that corporate directors were validly elected, finding that the...
by The Delaware Counsel Group, LLC | Sep 7, 2007 | Law Updates, LU07
Document: Conrad v. Blank, C.A. No. 2611-VCL, Lamb, V.C. (Del. Ch. Sept. 7, 2007) The Court, on a motion to dismiss derivative claims based on stock option backdating, held that the plaintiffs had adequately alleged demand futility where there was a potential for...
