by The Delaware Counsel Group, LLC | Mar 5, 2012 | Law Updates, LU12
Alta Berkeley VI C.V. v. Omneon, Inc., C.A. No. 442, 2011 (Del. Mar. 5, 2012) The Delaware Supreme Court upheld the Delaware Superior Court’s decision to reject plaintiffs’ claim that they were entitled to receive their liquidation preference as holders of...
by The Delaware Counsel Group, LLC | Feb 29, 2012 | Law Updates, LU12
Document: In re Micromet, Inc. S’holders Litig., C.A. No. 7197-VCP (Del. Ch. Feb. 29, 2012) The Delaware Court of Chancery found that plaintiffs had not shown a reasonable likelihood of success on the merits of their claims that the directors of Micromet, Inc....
by The Delaware Counsel Group, LLC | Feb 29, 2012 | Law Updates, LU12
Document: In re El Paso Corp. S’holder Litig., C.A. No. 6949-CS (Del. Ch. Feb. 29, 2012) The Delaware Court of Chancery found that plaintiffs were reasonably likely to succeed on the merits of their claims that the CEO of El Paso corporation (“El...
by The Delaware Counsel Group, LLC | Feb 27, 2012 | Law Updates, LU12
Document: In re BankAtlantic Bancorp, Inc. Litig., C.A. No. 7068-VCL (Del. Ch. Feb. 27, 2012) The Delaware Court of Chancery enjoined defendant BankAtlantic Bancorp, Inc., a bank holding company (“Bancorp”), from consummating a sale of its only...
by The Delaware Counsel Group, LLC | Feb 8, 2012 | Law Updates, LU12
Williams v. Calypso Wireless, Inc., C.A. No. 7140-VCL (Del. Ch. Feb. 8, 2012) The Delaware Court of Chancery took the extraordinary step of appointing a receiver to dissolve a publicly traded corporation that was essentially defunct, under Section 322 of the Delaware...
by The Delaware Counsel Group, LLC | Feb 7, 2012 | Law Updates, LU12
Document: Hermelin v. K-V Pharmaceutical Co., C.A. No. 6936-VCG (Del. Ch. Feb. 7, 2012) The Delaware Court of Chancery considered, interalia, whether a former corporate officer was entitled to be indemnified for expenses under Section 145(c) of the DGCL on the basis...
