by The Delaware Counsel Group, LLC | Jul 20, 2007 | Law Updates, LU07
Document: Brandin v. Deason, C.A. No. 2123-VCL, Lamb, V.C. (Del. Ch. July 20, 2007) The Court denied a motion to stay a derivative action relating to stock option backdating in favor of a later-filed parallel proceeding in a Texas federal district court, where...
by The Delaware Counsel Group, LLC | Jul 20, 2007 | Law Updates, LU07
Document: Fairthorne Maint. Corp. v. Ramunno, C.A. No. 2124-VCS, Strine, V.C. (Del. Ch. July 20, 2007) The Court granted a motion for judgment on the pleadings to the plaintiff, a non-stock development corporation, as to certain claims relating to its property rights...
by The Delaware Counsel Group, LLC | Jul 19, 2007 | Law Updates, LU07
Document: In re: TD Banknorth S’holders Litig., C.A. No. 2557-VCL, Lamb, V.C. (Del. Ch. July 19, 2007) The Court disapproved of a proposed class action settlement where it found that the plaintiffs were unreasonable in their decision not to prosecute claims of...
by The Delaware Counsel Group, LLC | Jul 12, 2007 | Law Updates, LU07
Document: Gradient OC Master, Ltd. v. NBC Universal, Inc., C.A. No. 3021-VCP, Parsons, V.C. (Del. Ch. July 12, 2007) The Court denied a motion by preferred stockholders to enjoin an exchange offer where the plaintiffs failed to show a reasonable likelihood of success...
by The Delaware Counsel Group, LLC | Jul 11, 2007 | Law Updates, LU07
Document: Rhodes v. SilkRoad Equity, LLC, C.A. No. 2133-VCN, Noble, V.C. (Del. Ch. July 11, 2007) The Court denied a Rule 12(b)(6) motion to dismiss claims made by former stockholders that controlling stockholders had improperly spent corporate assets since, although...
by The Delaware Counsel Group, LLC | Jul 9, 2007 | Law Updates, LU07
In Re: RNI Wind Down Corp., Case No. 06-10110(CSS), Sontchi, U.S.B.J. (Bankr. D. Del. July 9, 2007) The Court overruled objections by the Plan Administrator that indemnification and advancement of attorneys’ fees to a former officer in connection with government civil...
