by The Delaware Counsel Group | Dec 9, 2013 | Law Updates, LU13
Document: Huatuco v. Satellite Healthcare, Civil Action No. 8465-VCG (Del. Ch. Dec. 9, 2013) A member of a Delaware limited liability company (the “LLC”) filed a complaint seeking to judicially dissolve the LLC under the Delaware Limited Liability Company Act (the...
by The Delaware Counsel Group | Dec 2, 2013 | Law Updates, LU13
Document: Boris v. Schaheen, C.A. No. 8160-VCN (Del. Ch., December 2, 2013) The purported directors and majority stockholders of Corporations A and Corporation B signed written consents removing a third director from the board, after which they filed an action...
by The Delaware Counsel Group | Nov 26, 2013 | Law Updates, LU13
Document: Anderson v. Krafft-Murphy Co. Inc., No. 85, 2013 (Del. November 26, 2013) Tort claimants sought the appointment of a receiver for a dissolved Delaware corporation. The Court of Chancery did not appoint the receiver and the Delaware Supreme Court reversed and...
by The Delaware Counsel Group | Nov 7, 2013 | Law Updates, LU13
Document: Quadrant Structured Products Co., Ltd., v. Vertin No. 338, 2012 (Del., Nov. 7, 2013) A suit was filed by a company holding long-term notes in an allegedly insolvent Delaware corporation. The controlling company argued that the suit should be dismissed...
by The Delaware Counsel Group | Oct 31, 2013 | Law Updates, LU13
Document: AM General Holdings, LLC v. The Renco Group, Inc., C.A. No. 7639-VCN, 2013 Del. Ch. Lexis 266 (Del Ch. Oct. 31, 2013) The Delaware Court of Chancery denied AM General’s motion for summary judgment regarding one of the counts in an action that accused...
by The Delaware Counsel Group | Oct 28, 2013 | Law Updates, LU13
Document: TVI Corporation v. Bernard Gallagher, C.A. No. 7798-VCP (Del Ch. October 28, 2013) The Court held that shareholders’ claims were not subject to dismissal for failure to make a demand on the board because they had sufficiently pleaded facts that a majority of...