by VeloCap Media | Mar 17, 2008 | Law Updates, LU08
Document: In re infoUSA, Inc., C.A. No. 1956-CC, Chandler, C. (Del. Ch. March 17, 2008) The court granted the Special Litigation Committee (“SLC”) of the Board of Directors of defendant infoUSA’s motion to stay. The defendant formed the SLC in response to derivative...
by VeloCap Media | Mar 13, 2008 | Law Updates, LU08
Document: Jana Master Fun, Ltd., v. CNET Networks, Inc., C.A. No. 3447-CC, Chandler, C. (Del. Ch. March 13, 2008) JANA sought to replace the two current directors who were up for re-election, expand the size of the board from eight to thirteen, and nominate five...
by VeloCap Media | Mar 7, 2008 | Law Updates, LU08
Hauspie v. Stonington Partners, Inc., C.A. No. 18524-NC, Berger, J. (Del. March 7, 2008) The Court addressed whether a default judgment in excess of $750 million should be vacated. The trial court rejected Defendant’s arguments concerning defects in service of...
by VeloCap Media | Mar 7, 2008 | Law Updates, LU08
Document: Weiss v. Swanson, C.A. No. 2828-VCL, Lamb, V.C. (Del. Ch. March 7, 2008) The Court denied the Defendant’s motion to dismiss in this derivative action. The Court concluded that the complaint sufficiently pled a claim of breach of fiduciary duty against a...
by VeloCap Media | Mar 6, 2008 | Law Updates, LU08
Document: In re SS&C Technologies, C.A. No. 1525-VCL, Lamb, V.C. (Del. Ch. March 6, 2008) The court addressed a motion to impose sanctions on the plaintiffs and their counsel. The defendants requested this motion in response to: a motion filed by the plaintiffs...
by VeloCap Media | Mar 3, 2008 | Law Updates, LU08
Document: Reddy v. MBKS Company Limited, No. 300, 2007, Jacobs, J. (Del. March 3, 2008) Reddy, the defendant below, appealed an order from the Court of Chancery granting summary judgment in favor of MBKS. The issue was whether the Court of Chancery correctly...
