by VeloCap Media | Aug 11, 2011 | Law Updates, LU11
IAC/Interactive Corp., v. Brien, C.A. No. 629, 2010 (Del. Ch. Aug. 11, 2011) The Delaware Supreme Court affirmed the Court of Chancery’s determination that contingent fees are fees that are “incurred” for purposes of Section 145 of the Delaware General Corporation Law...
by VeloCap Media | Aug 9, 2011 | Law Updates, LU11
Document: Achaian, Inc. v. Leemon Family, LLC, et al., C.A. No. 6261-CS (Del. Ch. Aug. 9, 2011) The Court of Chancery granted a declaratory judgment in favor of Achaian, Inc. (“Achaian”), a member of Omniglow, LLC (“Omniglow”) and ordered the dissolution of Omniglow...
by VeloCap Media | Aug 8, 2011 | Law Updates, LU11
Document: Paige Capital Management, LLC, et al. v. Lerner Master Fund, LLC, et al., C.A. No. 5502-CS (Del. Ch. Aug. 8, 2011) The Court of Chancery refused to permit the management of a hedge fund (the “Paige Fund”) to use a so-called “Gate Provision” of a partnership...
by VeloCap Media | Aug 3, 2011 | Law Updates, LU11
Document: In re Ness Technologies, Inc. S’holders Litig., C.A. No. 6569-VCN (Del. Ch. Aug. 3, 2011) The Delaware Court of Chancery confirmed that a conflict transaction negotiated by a fully functioning special committee would not be second-guessed by the Court. This...
by VeloCap Media | Jul 16, 2011 | Law Updates, LU11
Document: Morgan v. Cash, C.A. No. 5053-VCS (Del. Ch. July 16, 2010) Morgan, a former common shareholder of Voyence, Inc., filed a claim against EMC Corporation, the acquirer of Voyence, for aiding and abetting alleged breaches of fiduciary duties by the former...
by VeloCap Media | May 31, 2011 | Law Updates, LU11
Document: In re Massey Energy Company Derivative and Class Action Litigation, C.A. No. 5430-VCS (Del. Ch. May 31, 2011) Shareholder plaintiffs sought to enjoin the merger of Massey Energy Company (“Massey”) and Alpha Natural Resources Inc. (“Alpha’), contending that...
