by The Delaware Counsel Group, LLC | Jun 8, 2007 | Law Updates, LU07
Document: Kaufman v. Kumar, C.A. No. 2418-VCL, Lamb, V.C. (Del. Ch. June 8, 2007) The Court exercised its discretion to dismiss a derivative action based on the principles of comity, where the claims were a subset of a prior action filed in the federal courts located...
by The Delaware Counsel Group, LLC | Jun 7, 2007 | Law Updates, LU07
Documents: Desimone v. Barrows, C.A. No. 2210-VCS, Strine, V.C. (Del. Ch. June 7, 2007) The Court dismissed a derivative action regarding the backdating of stock options where (i) the plaintiff lacked standing to complain about options granted before they were a...
by The Delaware Counsel Group, LLC | May 31, 2007 | Law Updates, LU07
Document: Matulich v. Aegis Comm’ns Group, Inc. C.A. No. 2601-CC, Chandler, C. (Del. Ch. May 31, 2007) The Court dismissed for failure to state a claim, an action to invalidate a short form merger effected pursuant to 8 Del. C. § 253. The plaintiff claimed that the...
by The Delaware Counsel Group, LLC | May 30, 2007 | Law Updates, LU07
Document: Beal Bank, S.S.B. v. WestPoint Int’l, Inc., C.A. No. 2617-CC, Chandler, C. (Del. Ch. May 30, 2007) The Court denied motions to dismiss for failure to state a claim where the lienholders of a bankrupt corporation alleged breaches of fiduciary duties by the...
by The Delaware Counsel Group, LLC | May 30, 2007 | Law Updates, LU07
Document: Xpress Mgmt., Inc. v. Hot Wings Int’l, Inc., C.A. No. 2856-VCL, Lamb, V.C. (Del. Ch. May 30, 2007) The Court granted a motion to stay a judicial proceeding to dissolve a joint venture company, until the completion of pending litigation in Canada over the...
by The Delaware Counsel Group, LLC | May 25, 2007 | Law Updates, LU07
Document: In the Matter of Transamerica Airlines, Inc., C.A. No. 1039-VCP, Parsons, V.C. (Del. Ch. May 25, 2007) The Court, pursuant to the uniform foreign money judgment recognition act, recognized and enforced a judgment issued by the courts of Nigeria in 1999 on a...
