by VeloCap Media | May 16, 2007 | Law Updates, LU07
Documents: Metcap Securities LLC v. Pearl Senior Care, Inc., C.A. No. 2129-VCN, Noble, V.C. (Del. Ch. May 16, 2007) The plaintiffs were a special purpose entity (the “SPE”) and an investment banking firm that had offered the SPE and its affiliates advice regarding a...
by VeloCap Media | May 11, 2007 | Law Updates, LU07
Document: Pershing Square L.P. v. Ceridian Corp., C.A. No. 2780-CC, Chandler, C. (Del. Ch. May 11, 2007) The Court denied a request for books and records pursuant to 8 Del. C. § 220, holding the petitioner did not have a proper purpose when the petitioner’s purpose...
by VeloCap Media | May 9, 2007 | Law Updates, LU07
Document: In re: The Topps Co. S’holders Litig., C.A. No. 2786-VCS, Strine, V.C. (Del. Ch. June 14, 2007) The Court issued a preliminary injunction to correct disclosure violations where the proxy statement did not discuss unfavorable valuation calculations, and...
by VeloCap Media | May 2, 2007 | Law Updates, LU07
Document: In re: Appraisal of Transkaryotic Therapies, Inc., C.A. No. 1554-CC, Chandler, C. (Del. Ch. May 2, 2007) The Court, in an appraisal action, denied the respondent’s motion for partial summary judgment holding that beneficial stockholders who purchased stock...
by VeloCap Media | May 1, 2007 | Law Updates, LU07
Document: LaPoint v. AmerisourceBergen Corp., C.A. No. 327-CC, Chandler, C. (Del. Ch. May 1, 2007) The Court granted defendant’s motion for partial summary judgment on matters of contract interpretation, and refused to reform language requiring notice after “no less...
by VeloCap Media | Apr 30, 2007 | Law Updates, LU07
Document: MBKS Company Ltd. v. Reddy, C.A. No. 1853-VCL, Lamb, V.C. (Del. Ch. Apr. 30, 2007) The Court granted plaintiff stockholders’ motion for partial summary judgment on claims that their stock was not cancelled and that the director did not validly issue stock to...
