by VeloCap Media | Jun 15, 2007 | Law Updates, LU07
Document: In re: Lear Corporation S’holders Litig., C.A. No. 2728-VCS, Strine, V.C. (Del. Ch. June 15, 2007) The Court refused to issue a preliminary injunction based on claims that directors breached their duty to achieve the best sale price for the corporation,...
by VeloCap Media | Jun 9, 2007 | Law Updates, LU07
Document: In re: The Topps Company S’holders Litig., C.A. No. 2786-VCS, Strine, V.C. (Del. Ch. May 9, 2007) The Court denied a motion to dismiss or stay the Delaware branch of class action litigation where courts of another state had refused to stay the foreign...
by VeloCap Media | Jun 8, 2007 | Law Updates, LU07
In re: World Health Alternatives, Inc., Case No. 06-10166(PJW) Gross, U.S.B.J. (Bankr. D. Del. June 8, 2007) The Court denied a motion for preliminary injunction, where the bankruptcy trustee failed to show a reasonable probability of success on the merits that...
by VeloCap Media | Jun 8, 2007 | Law Updates, LU07
Document: Kaufman v. Kumar, C.A. No. 2418-VCL, Lamb, V.C. (Del. Ch. June 8, 2007) The Court exercised its discretion to dismiss a derivative action based on the principles of comity, where the claims were a subset of a prior action filed in the federal courts located...
by VeloCap Media | Jun 7, 2007 | Law Updates, LU07
Documents: Desimone v. Barrows, C.A. No. 2210-VCS, Strine, V.C. (Del. Ch. June 7, 2007) The Court dismissed a derivative action regarding the backdating of stock options where (i) the plaintiff lacked standing to complain about options granted before they were a...
by VeloCap Media | May 31, 2007 | Law Updates, LU07
Document: Matulich v. Aegis Comm’ns Group, Inc. C.A. No. 2601-CC, Chandler, C. (Del. Ch. May 31, 2007) The Court dismissed for failure to state a claim, an action to invalidate a short form merger effected pursuant to 8 Del. C. § 253. The plaintiff claimed that the...
