by The Delaware Counsel Group | May 8, 2014 | Law Updates, LU14
ATP Tour, Inc. v. Deutscher Tennis Bund, Del. Supr., No. 534, 2013 (May 8, 2014) In this case, the Delaware Supreme Court provided answers to four certified questions of law from the U.S. District Court for the District of Delaware regarding the validity of an...
by The Delaware Counsel Group | May 2, 2014 | Law Updates, LU14
Third Point LLC v. Ruprecht, C.A. No. 9469-VCP (Del. Ch. May 02, 2014) In Third Point LLC v. Ruprecht, the Delaware Court of Chancery refused to preliminary enjoin Sotheby’s annual meeting based on shareholder claims that Sotheby’s Board had breached its fiduciary...
by The Delaware Counsel Group | Apr 25, 2014 | Law Updates, LU14
In Re Interstate General Media Holdings, LLC., C.A. No. 9221-VCP (Del. Ch. Apr. 25, 2014) In this case, the Delaware Court of Chancery was asked to decide the best method of effectuating the dissolution and liquidation of a deadlocked LLC. Although the parties could...
by The Delaware Counsel Group | Apr 16, 2014 | Law Updates, LU14
Houseman v. Sagerman, No. 8897-VCG (Del. Ch. Apr. 16, 2014) This case involved a suit brought by two shareholders of Universata, Inc., a Delaware corporation. In 2009, the Plaintiffs sold their business to Universata for approximately $9 million, to be paid over a...
by The Delaware Counsel Group | Apr 10, 2014 | Law Updates, LU14
Document: In re TPC Group Inc. Shareholders Litigation, C.A. No. 7865-VCN (Del. Ch. Apr. 10, 2014) In this Letter Opinion, the Delaware Court of Chancery analyzed a merger agreement in which Defendant Seller agreed to sell all of its outstanding common stock for $40...
by The Delaware Counsel Group | Apr 8, 2014 | Law Updates, LU14
Document: Chen, et al. v. Robert Howard-Anderson, et al., C.A. No. 5878-VCL (Del. Ch. Apr. 08, 2014) The dispute in this case arose from a 2011 merger between Occam Networks, Inc. (“Occam”) and Calix, Inc. (“Calix”), in which all Occam shareholders received a...