by VeloCap Media | May 24, 2011 | Law Updates, LU11
Document: In re Smurfit-Stone Container Corp. S’Holder Litig., C.A. No. 6164-VCP (Del. Ch. May 20, 2011, revised May 24, 2011) The Court of Chancery held that the Revlon standard applies when a merger consideration is split evenly between cash and stock, but...
by VeloCap Media | May 19, 2011 | Law Updates, LU11
Document: In re Native American Energy Group, Inc., C.A. No. 6358-VCL (Del. Ch. May 19, 2011) The Court of Chancery denied a petition from Native American Energy Group, Inc. for a declaration to cure a flaw in its capital structure, stating that the court lacked...
by VeloCap Media | May 16, 2011 | Law Updates, LU11
Document: Graulich v. Dell Inc., C.A. No. 5846-CC (Del.Ch. May 16, 2011) The Court of Chancery entered a judgment on the pleadings in favor of defendant Dell Inc., after determining that the plaintiff had failed to state a proper purpose for a books and records action...
by VeloCap Media | May 12, 2011 | Law Updates, LU11
Document: In re Orchid Cellmark Inc. S’holder Litig., C.A. No. 6373-VCN (Del.Ch. May 12, 2011) The Court of Chancery declined to preliminarily enjoin a merger transaction that plaintiffs claimed was “the result of a flawed and inadequate process” and involved...
by VeloCap Media | May 3, 2011 | Law Updates, LU11
In re Saur-Danfoss Inc. S’holders Litig., C.A. No. 5162-VCL (Del. Ch. May 3, 2011) Minority stockholders sought $750,000 in attorney’s fees where their negotiation and subsequent litigation caused a controlling stockholder to make certain disclosures and eventually...
by VeloCap Media | Apr 18, 2011 | Law Updates, LU11
Document: DFG Wine Company, LLC v. Eight Estates Wine Holdings, LLC, C.A. No. 6110-VCN (Del. Ch. Apr. 18, 2011) In a letter opinion, the Court of Chancery addressed an LLC books and records action by a member of a Delaware LLC. The Court granted plaintiff’s demand...
