by VeloCap Media | 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 VeloCap Media | 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 VeloCap Media | 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 VeloCap Media | 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 VeloCap Media | 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 VeloCap Media | 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...
