by VeloCap Media | Sep 3, 2009 | Law Updates, LU09
Document: R & R Capital, LLC v. Merritt, C.A. No., 3989-CC, Chandler, C. (Sept. 3, 2009) Plaintiffs sought summary judgment on their claim that the Defendant was properly removed as manager and member of nine LLCs. Plaintiffs had provided notice to Defendant of...
by VeloCap Media | Jul 24, 2009 | Law Updates, LU09
Document: In Re Trados Inc. Shareholder Litig., C.A. No. 1512-CC, Chandler, C. (Del. Ch. July 24, 2009) This purported class action alleging breach of fiduciary duty claims challenged a merger transaction whereby Trados Incorporated became a wholly owned subsidiary of...
by VeloCap Media | Jul 14, 2009 | Law Updates, LU09
Document: Stockman v. Heartland Industrial Partners, L.P. et al., C.A. No. 4227-VCS (Del. Ch. July 14, 2009) Plaintiffs, two former officers and directors of Collins & Aikman Corporation, brought actions for advancement of legal fees and indemnification against...
by VeloCap Media | Jul 9, 2009 | Law Updates, LU09
Document: Berger v. Pubco Corp., No. 509, 2008, Jacobs, J. (Del. July 9, 2009) The Delaware Supreme Court reversed the Court of Chancery which had held that where notice of a Section 253 short-form merger did not disclose all material facts, the minority shareholders...
by VeloCap Media | Jun 30, 2009 | Law Updates, LU09
Document: Amazon.com, Inc. v. Hoffman, et al., C.A. No. 2239-VCN, Noble, V.C. (Del. Ch. June 30, 2009) Plaintiff Amazon challenged the issuance of preferred stock by defendant Basis Technology Corporation to a third party on the grounds that the defendant directors of...
by VeloCap Media | Jun 17, 2009 | Law Updates, LU09
Document: American International Group, Inc. Cons. Derivative Litig., C.A. No. 769-VCS, Strine, V.C., (Del. Ch. June 17, 2009) Defendants brought a motion to dismiss this derivative suit which raised the question of whether AIG could sue co-conspirators for harm AIG...
