by The Delaware Counsel Group | Apr 6, 2010 | Law Updates, LU10
Document: Nemec v. Shrader, Del. Supr., Nos. 305, 2009 and 309, 2009 (Del. Supr. Apr. 6, 2010) This Delaware Supreme Court opinion affirms the Court of Chancery’s decision dismissing plaintiffs’/appellants’ claims that the defendants/appellees breached their implied...
by The Delaware Counsel Group | Mar 30, 2010 | Law Updates, LU10
Document: OneScreen, Inc. v. Hudgens, C.A. No. 4545-VCP (Del. Ch. March 30, 2010) Plaintiff corporation sought to rescind a stock transfer arising out of a loan that was allegedly criminally usurious under Florida law. In a ruling that clarified Delaware law with...
by The Delaware Counsel Group | Mar 24, 2010 | Law Updates, LU10
Document: Fletcher Int’l, Ltd. v. ION Geophysical Corp., C.A. No. 5109-VCP, Parsons, V.C. (Del. Ch. March 24, 2010) Plaintiff sought partial summary judgment with respect to its claim that it had the right to consent to the issuance of any security of a subsidiary of...
by The Delaware Counsel Group | Mar 16, 2010 | Law Updates, LU10
Document: Kuroda v. SPJS Holdings, L.L.C., C.A. No. 4030-CC, Chandler, C. (Del. Ch. March 16, 2010) In the second opinion rendered in this matter involving plaintiff’s claim for money pursuant to a limited liability company agreement, the Court considered plaintiff’s...
by The Delaware Counsel Group | Mar 11, 2010 | Law Updates, LU10
Document: London, et al. v. Tyrrell, et al. and MA Federal, Inc., C.A. No. 3321-CC, Chandler, C. (Del. Ch. March 11, 2010) After investigation of plaintiffs’ derivative claims, a special litigation committee (“SLC”) formed by nominal defendant MA Federal, Inc....
by The Delaware Counsel Group | Mar 8, 2010 | Law Updates, LU10
Document: LC Capital Master Fund, Ltd. v. James, et al., C.A. No. 5214-VCS, Strine, V.C. (Del. Ch. March 8, 2010) Plaintiff, a preferred stockholder of QuadraMed Corporation, sought to enjoin the acquisition of QuadraMed on the grounds that the consideration to be...