by VeloCap Media | Jul 31, 2012 | Law Updates, LU12
Document: Keyser v. Curtis, C.A. No. 7109-VCN (Del. Ch. July 31, 2012) The Delaware Court of Chancery held invalid the creation and issuance of super-voting preferred stock by the sole director of Ark Financial Services, Inc. (“Ark”), an affiliate of...
by VeloCap Media | Jul 27, 2012 | Law Updates, LU12
Document: Tang Capital Partners, LP v. Norton, C.A. No. 7476-VCG (Del. Ch. July 27, 2012) The Delaware Court of Chancery held that a creditor could contractually waive its statutory right to bring an action for the appointment of a receiver under Section 291 of the...
by VeloCap Media | Jul 18, 2012 | Law Updates, LU12
Document: In re Appraisal of The Orchard Enterprises, Inc., C.A. No. 5713-CS (Del. Ch. July 18, 2012) The Delaware Court of Chancery rejected respondent’s argument that the value of the liquidation preference of its preferred stockholders should be deducted from...
by VeloCap Media | Jun 25, 2012 | Law Updates, LU12
On June 25, 2012, the Governor of the State of Delaware signed a bill into law that will make a number of amendments to the General Corporation Law of the State of Delaware (the “DGCL”) effective August 1, 2012. The amendments will enhance the...
by VeloCap Media | Jun 11, 2012 | Law Updates, LU12
Document: Louisiana Municipal Police Retirement Sys., et al. v. Pyott, et al., C.A. No. 5795-VCL (Del. Ch. June 11, 2012) The Delaware Court of Chancery found that plaintiffs’ allegations that the board of directors of Allergan, Inc. (“Allergan”)...
by VeloCap Media | Jun 7, 2012 | Law Updates, LU12
Document: Pryor v. IAC/InterActiveCorp, C.A. No. 6884-CS (Del. Ch. June 7, 2012) The Delaware Court of Chancery held that the delivery of notice of an arbitral award to a person appointed as a stockholder representative under a stockholders’ agreement was...
