by VeloCap Media | Dec 19, 2008 | Law Updates, LU08
Documents: Marie Raymond Revocable Trust v. MAT Five LLC, et al., C.A. No. 3843-VCL, Lamb, V.C. (Del. Ch. Dec. 19, 2008) Plaintiffs had brought an action for breaches of fiduciary duty and violations of the Securities Exchange Act of 1933 stemming from alleged...
by VeloCap Media | Dec 18, 2008 | Law Updates, LU08
Document: The Bank of New York Mellon v. Realogy Corp., C.A. No. 4200-VCL, Lamb, V.C. (Del. Ch. Dec. 18, 2008) In order to take advantage of an arbitrage opportunity, Realogy Corporation offered to refinance a class of unsecured indebtedness by exchanging existing...
by VeloCap Media | Dec 17, 2008 | Law Updates, LU08
Document: General Video Corp. v. Kertesz, et al., C.A. No. 1922-VCL, Lamb, V.C. (Del. Ch. Dec. 17, 2008) After the defendant minority owner of a corporation quit in order to start a similar venture, the remaining majority owner and insolvent entity sued to claim...
by VeloCap Media | Dec 15, 2008 | Law Updates, LU08
Document: Klamka v. OneSource Technologies, Inc., C.A. No. 3639-VCN, Noble, V.C. (Del. Ch. Dec. 15, 2008) Plaintiff moved for a default judgment for the appointment of a custodian for OneSource Technologies, an abandoned Delaware corporation. Although OneSource’s...
by VeloCap Media | Dec 11, 2008 | Law Updates, LU08
Document: Kahn v. Portnoy, C.A. No. 3515-CC, Chandler, C. (Del. Ch. Dec. 11, 2008) Plaintiff brought suit against the directors of an LLC for breach of fiduciary duty where the LLC’s operating agreement explicitly imported the fiduciary duty principles of Delaware...
by VeloCap Media | Dec 11, 2008 | Law Updates, LU08
Document: Aveta Inc., et al. v. Bengoa, C.A. No. 3598-VCL, Lamb, V.C. (Del. Ch. Dec. 11, 2008) The Court of Chancery granted plaintiffs’ motion for judgment on the pleadings and ordered the parties to arbitrate all claims at issue regarding certain post-closing...
