by The Delaware Counsel Group, LLC | Aug 30, 2007 | Law Updates, LU07
Document: Franklin Balance Sheet Investment Fund v. Crowley, C.A. No. 888-VCP, Parsons, V.C. (Del. Ch. Aug 30, 2007) The Court awarded $4.2 million in attorneys’ fees to the plaintiffs’ counsel in a derivative action relating to fiduciary duty and waste claims where...
by The Delaware Counsel Group, LLC | Aug 23, 2007 | Law Updates, LU07
Document: The Follieri Group, LLC v. Follieri/Yucaipa Investments, LLC, C.A. No. 3015-VCL, Lamb, V.C. (Del. Ch. Aug 23, 2007) The Court denied a motion to intervene made by a creditor of a Delaware limited liability company (the “Company”) which was seeking judicial...
by The Delaware Counsel Group, LLC | Aug 22, 2007 | Law Updates, LU07
Document: Fleischman v. Huang, C.A. No. 2497-CC, Chandler, C. (Del. Ch. Aug. 22, 2007) The Court refused to certify an interlocutory appeal of its discovery order requiring the defendant company to produce Audit Committee reports which support its publicly disclosed...
by The Delaware Counsel Group, LLC | Aug 17, 2007 | Law Updates, LU07
Document: Highfields Capital, Ltd. v. AXA Financial, Inc., C.A. No. 804-VCL, Lamb, V.C. (Del. Ch. Aug. 17, 2007) In an appraisal action pursuant to 8 Del. C. § 262, the Court found that the fair value of the petitioner’s stock in an insurance company was $24.97 per...
by The Delaware Counsel Group, LLC | Aug 15, 2007 | Law Updates, LU07
Document: In Re Tyson Foods, Inc. Consol. S’holders Litig., Consol. C.A. No. 1106-CC, Chandler, C. (Del. Ch. Aug. 15, 2007) The Court, on a motion for judgment on the pleadings by the corporation’s outside directors, refused to dismiss fiduciary duty claims related to...
by The Delaware Counsel Group, LLC | Aug 14, 2007 | Law Updates, LU07
Document: Mercier v. Inter-Tel (Delaware), Inc., C.A. No. 2226-VCS, Strine, V.C. (Del. Ch. Aug. 14, 2007) The Court denied a motion for a preliminary injunction holding the plaintiff did not have a reasonable probability of success on the merits where the board...
