by The Delaware Counsel Group | Aug 12, 2013 | Law Updates, LU13
Document: Huff v. Longview Energy Co., C.A. No. 8453–CS (Del. Ch. August 12, 2013) Chancellor Leo E. Strine, Jr., dismissed a complaint seeking indemnification because the claim was not yet ripe. Plaintiffs sought indemnification from Longview, a Delaware corporation...
by The Delaware Counsel Group | Aug 8, 2013 | Law Updates, LU13
Document: Grove v. Brown, C.A. No. 6793–VCG (Del. Ch. August 8, 2013) In Grove, a dispute arose among the four members of a limited liability company (“LLC”), who split into two camps. Camp A effected a freeze-out merger based on its belief that it owned a majority...
by The Delaware Counsel Group | Jun 25, 2013 | Law Updates, LU13
Document: Boilermakers Local 154 Retirement Fund, et al. v. Chevron Corp., et al., C.A. No. 7220-CS (Del. Ch. June 25, 2013), and Iclub Inv. P’ship v. FedEx Corp., et al., C.A. No. 7238-CS (Del. Ch. June 25, 2013) The Delaware Court of Chancery held that forum...
by The Delaware Counsel Group | May 29, 2013 | Law Updates, LU13
Document: National Industries Group Holding v. Carlyle Investment Management LLC, C.A. No. 596, 2012 (Del. May 29, 2013) The Delaware Supreme Court affirmed the Delaware Court of Chancery’s decision in an anti-suit injunction action, in which Carlyle Investment...
by The Delaware Counsel Group | May 21, 2013 | Law Updates, LU13
Document: Koehler v. NetSpend Holdings, Inc., C.A. No. 8373-VCG (Del. Ch. May 21, 2013) The Delaware Court of Chancery found that the plaintiffs demonstrated a reasonable likelihood of success on the merits of their claim that the single-bidder sales process...
by The Delaware Counsel Group | May 9, 2013 | Law Updates, LU13
Document: In re Plains Exploration & Production Company Stockholder Litig., Cons. C.A. No. 8090-VCN (Del. Ch. May 9, 2013) The Court found that there was not a reasonable likelihood that plaintiffs would be successful on the merits of their claims that the board...