by The Delaware Counsel Group | Apr 11, 2012 | Law Updates, LU12
Document: In re Answers Corp. S’holder Litig., C.A. No. 6170-VCN (Del. Ch. Apr. 11, 2012) The Delaware Court of Chancery declined to dismiss a complaint alleging that the directors of Answers Corporation (“Answers”) breached their fiduciary duties...
by The Delaware Counsel Group | Apr 10, 2012 | Law Updates, LU12
Document: Shocking Technologies, Inc. v. Michael, C.A. No. 7164-VCN (Del. Ch. April 10, 2012) The Delaware Court of Chancery dismissed a claim brought by Shocking Technologies, Inc. (“Shocking”) against one of its directors seeking the director’s...
by The Delaware Counsel Group | Apr 4, 2012 | Law Updates, LU12
Document: In re K-Sea Transportation Partners L.P. Unitholders Litig., C.A. No. 6301-VCP (Del. Ch. Apr. 4, 2012) The Delaware Court of Chancery dismissed claims that, inter alia, the general partner of a publicly-traded Delaware limited partnership, K-Sea...
by The Delaware Counsel Group | Mar 30, 2012 | Law Updates, LU12
Document: Frank v. Elgamal et al., C.A. No. 6120-VCN (Del. Ch. Mar. 30, 2012) The Delaware Court of Chancery held that four officers (the “Control Group”) of defendant American Surgical Holdings, Inc. (“American Surgical”) collectively...
by The Delaware Counsel Group | Mar 27, 2012 | Law Updates, LU12
Document: Zimmerman v. Katherine D. Crothall et al., C.A. No. 6001-VCP (Del. Ch. Mar. 27, 2012) The Delaware Court of Chancery found that certain commonalities often shared by venture capital investors supported a reasonable inference that two venture capital...
by The Delaware Counsel Group | Mar 6, 2012 | Law Updates, LU12
Document: In re Delphi Fin. Group S’holders Litig., C.A. No. 7144-VCG (Del. Ch. Mar. 6, 2012) The Delaware Court of Chancery found that plaintiffs had established a reasonable likelihood of success on the merits of their claims that Robert Rosenkranz...