by The Delaware Counsel Group, LLC | Mar 1, 2007 | Law Updates, LU07
Document: Valeant Pharm. Int’l v. Jerney, C.A. No. 19947, Lamb, V.C. (Del. Ch. Mar. 1, 2007) The Court held, in a post-trial opinion, that bonuses paid to directors and executives relating to the IPO of a core business of a corporation were not entirely fair, and the...
by The Delaware Counsel Group, LLC | Feb 6, 2007 | Law Updates, LU07
Document: Ryan v. Gifford, C.A. No. 2213-N, Chandler, C. (Del. Ch. Feb. 6, 2007) The Court ruled on motions to stay and to dismiss derivative claims of breach of fiduciary duties and disclosure duties based on alleged stock option backdating. The Court refused to...
by The Delaware Counsel Group, LLC | Feb 6, 2007 | Law Updates, LU07
Document: In re Tyson Foods, Inc. Cons. S’holder Litig., Cons. C.A. No. 1106-N, Chandler, C. (Del. Ch. Feb. 6, 2007) The Court ruled on a motion to dismiss plaintiffs’ derivative claims for breach of the duty of loyalty (including the alleged issuance of “spring...
by The Delaware Counsel Group, LLC | Feb 5, 2007 | Law Updates, LU07
Document: AT&T Corp. v. Faraday Capital Ltd., No. 236, 2006, Berger, J. (Del. Feb. 5, 2007) The plaintiff appealed the Superior Court’s grant of summary judgment to insurers, holding that each prior lawsuit constituted a “Claim” under a directors and officers...
by The Delaware Counsel Group, LLC | Feb 2, 2007 | Law Updates, LU07
Document: Multi-Fineline Electronix, Inc. v. WBL Corp. Ltd., C.A. No. 2482-N, Lamb, V.C. (Del. Ch. Feb. 2, 2007) The Court dismissed for lack of personal jurisdiction and on the grounds of mootness, claims against a controlling stockholder for breach of fiduciary...
by The Delaware Counsel Group, LLC | Jan 30, 2007 | Law Updates, LU07
Documents: Creative Research Manuf. v. Advanced Bio-Delivery LLC, C.A. No. 1211-N, Parsons, V.C. (Del. Ch. Jan. 30, 2007) The Court rescinded a contract granting rights to intellectual property to the defendants and enjoined the defendants from seeking to enforce...
