by VeloCap Media | 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 VeloCap Media | 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 VeloCap Media | 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...
by VeloCap Media | May 18, 2007 | Law Updates, LU07
Documents: Openwave Sys. Inc. v. Harbinger Capital Partners Master Fund I, Ltd., C.A. No. 2690-VCL, Lamb, V.C. (Del. Ch. May 18, 2007) The Court, in a post trial opinion, upheld the validity of advance notice by-laws against a challenge by a stockholder that did not...
by VeloCap Media | May 18, 2007 | Law Updates, LU07
Documents: North American Catholic Educational Programming v. Gheewalla, C.A. No. 521, 2006, Holland, J. (Del. May 18, 2007) The Delaware Supreme Court, affirming the Court of Chancery, dismissed a fiduciary duty claim by creditors of a Delaware corporation that was...
by VeloCap Media | May 16, 2007 | Law Updates, LU07
Document: Levy v. HLI Operating Co., C.A. No. 1395-VCL, Lamb, V.C. (Del. Ch. May 16, 2007) The Court granted partial summary judgment to the defendant corporation in a suit where former directors were seeking indemnification and fees under 8 Del. C. § 145, where the...
