by The Delaware Counsel Group | Dec 21, 2007 | Law Updates, LU07
Document: United Rentals, Inc. v. RAM Holdings, Inc., C.A. No. 3360-CC, Chandler, C. (Del. Ch. Dec. 21, 2007) The Court denied the plaintiffs’ motion for summary judgment where it found that a merger agreement was ambiguous, and after a two day trial found that the...
by The Delaware Counsel Group | Dec 21, 2007 | Law Updates, LU07
Document: Alaska Elec. Pension Fund v. Brown, No. 85, 2007, Berger, J. (Del. Dec. 21, 2007) The Supreme Court reversed and remanded the decision of the Court of Chancery, holding that where an out of state class action plaintiff gained an additional benefit after the...
by The Delaware Counsel Group | Dec 20, 2007 | Law Updates, LU07
Document: The Territory of the U.S. Virgin Islands v. Goldman, Sachs & Co., C.A. No. 2505-VCS, Strine, V.C. (Del. Ch. Dec. 20, 2007) The Court dismissed for failure to state a claim, a suit for liquidation distributions against a former stockholder in a...
by The Delaware Counsel Group | Dec 18, 2007 | Law Updates, LU07
Document: Brown v. T-Ink, LLC, C.A. No. 3190-VCP, Parsons, V.C. (Del. Ch. Dec. 18, 2007) The Court ruled on the substantive arbitrability of claims asserted pursuant to an arbitration clause in a limited liability company agreement, enjoining the arbitration of claims...
by The Delaware Counsel Group | Dec 13, 2007 | Law Updates, LU07
Document: Fogel v. U.S. Energy Sys., Inc., C.A. No. 3271-CC, Chandler, C. (Del. Ch. Dec. 13, 2007) The Court held that the termination of an officer and director by certain other members of the board of directors was not valid, where the termination was not effected...
by The Delaware Counsel Group | Nov 7, 2007 | Law Updates, LU07
Document: Lehman Bros. Bank, FSB v. State Bank Comm’r, No. 656,2006, Jacobs, J. (Del. Nov. 7, 2007) In reviewing a Superior Court appeal of a ruling of the Delaware State Bank Commissioner (“Commissioner”) with respect to state franchise tax owed by a federally...
