by VeloCap Media | Jul 12, 2007 | Law Updates, LU07
Document: Gradient OC Master, Ltd. v. NBC Universal, Inc., C.A. No. 3021-VCP, Parsons, V.C. (Del. Ch. July 12, 2007) The Court denied a motion by preferred stockholders to enjoin an exchange offer where the plaintiffs failed to show a reasonable likelihood of success...
by VeloCap Media | Jul 11, 2007 | Law Updates, LU07
Document: Rhodes v. SilkRoad Equity, LLC, C.A. No. 2133-VCN, Noble, V.C. (Del. Ch. July 11, 2007) The Court denied a Rule 12(b)(6) motion to dismiss claims made by former stockholders that controlling stockholders had improperly spent corporate assets since, although...
by VeloCap Media | Jul 9, 2007 | Law Updates, LU07
In Re: RNI Wind Down Corp., Case No. 06-10110(CSS), Sontchi, U.S.B.J. (Bankr. D. Del. July 9, 2007) The Court overruled objections by the Plan Administrator that indemnification and advancement of attorneys’ fees to a former officer in connection with government civil...
by VeloCap Media | Jul 3, 2007 | Law Updates, LU07
Document: Robotti & Co., LLC v. Gulfport Energy Corp., C.A. No. 1811-VCN, Noble, V.C. (Del. Ch. July 3, 2007) Ruling on a books and records request, the Court permitted a stockholder to review corporate board minutes relating to a stock offering where the...
by VeloCap Media | Jul 2, 2007 | Law Updates, LU07
Document: AT&T Corp. v. Clarendon Am. Ins. Co., No. 567, 2006, Jacobs, J. (Del. July 2, 2007) The Delaware Supreme Court reversed the decision of the Superior Court dismissing, for failure to state a claim, an action to recover settlement amounts and attorneys’...
by VeloCap Media | Jun 19, 2007 | Law Updates, LU07
Document: Seidensticker v. The Gasparilla Inn, Inc., C.A. No. 2555-CC, Chandler, C. (Del. Ch. June 19, 2007) The Court granted a stockholder plaintiff’s motion for partial summary judgment requesting a declaration that the stockholder owned his shares free of...
