by The Delaware Counsel Group, LLC | Aug 17, 2007 | Law Updates, LU07
Document: Highfields Capital, Ltd. v. AXA Financial, Inc., C.A. No. 804-VCL, Lamb, V.C. (Del. Ch. Aug. 17, 2007) In an appraisal action pursuant to 8 Del. C. § 262, the Court found that the fair value of the petitioner’s stock in an insurance company was $24.97 per...
by The Delaware Counsel Group, LLC | Aug 15, 2007 | Law Updates, LU07
Document: In Re Tyson Foods, Inc. Consol. S’holders Litig., Consol. C.A. No. 1106-CC, Chandler, C. (Del. Ch. Aug. 15, 2007) The Court, on a motion for judgment on the pleadings by the corporation’s outside directors, refused to dismiss fiduciary duty claims related to...
by The Delaware Counsel Group, LLC | Aug 14, 2007 | Law Updates, LU07
Document: Mercier v. Inter-Tel (Delaware), Inc., C.A. No. 2226-VCS, Strine, V.C. (Del. Ch. Aug. 14, 2007) The Court denied a motion for a preliminary injunction holding the plaintiff did not have a reasonable probability of success on the merits where the board...
by The Delaware Counsel Group, LLC | Aug 3, 2007 | Law Updates, LU07
Document: CBOT Holdings, Inc. v. Chicago Board Options Exch. Inc., C.A. No. 2369-VCN, Noble, V.C. (Del. Ch. Aug. 3, 2007) The Court stayed an action as to claims relating to contractual rights and fiduciary duties regarding the demutualization of an options exchange...
by The Delaware Counsel Group, LLC | Aug 1, 2007 | Law Updates, LU07
Document: Feldman v. Cutaia, C.A. No. 1656-VCL, Lamb, V.C. (Del. Ch. Aug. 1, 2007) The Court granted the defendants’ motion to dismiss a derivative complaint where the class’ standing was extinguished by a merger, and dilution claims were likewise dismissed where no...
by The Delaware Counsel Group, LLC | Aug 1, 2007 | Law Updates, LU07
Document: Law Debenture Trust Co. of New York v. Petrohawk Energy Corp., C.A. No. 2422-VCS, Strine, V.C. (Del. Ch. Aug. 1, 2007) The Court granted summary judgment to the defendant corporation relating to claims by holders of notes issued by the corporation that...
