by The Delaware Counsel Group | Dec 5, 2016 | Law Updates, LU16
Sandys v. Pincus, et al. The Delaware Supreme Court reversed a Delaware Court of Chancery decision that dismissed a derivative complaint based on the plaintiff-shareholder’s failure to make a pre-suit demand on the Company’s board of directors. The Court of Chancery...
by The Delaware Counsel Group | Nov 30, 2016 | Law Updates, LU16
IAC Search, LLC v. Conversant LLC The Delaware Court of Chancery addressed a claim of fraud in connection with the purchase of six subsidiary companies of ValueClick, Inc. made pursuant to a Purchase Agreement. The plaintiff-buyer alleged that ValueClick, Inc....
by The Delaware Counsel Group | Nov 30, 2016 | Law Updates, LU16
If your deal documents do not properly establish which document trumps another, the unintended results may be very costly. In this connection, please see a new Delaware Supreme Court opinion by clicking here. It is a reminder to take extra care with your subscription...
by The Delaware Counsel Group | Nov 15, 2016 | Law Updates, LU16
Abelmann v. Granum, et al. The Delaware Court of Chancery addressed a petition for judicial dissolution of a Delaware limited liability company (the “Company”). The court began its analysis by noting that judicial dissolution of an LLC is granted sparingly and is only...
by The Delaware Counsel Group | Nov 14, 2016 | Law Updates, LU16
Finger Lakes Capital Partners, LLC v. Honeoye Lake Acquisition, LLC, et al. The Delaware Supreme Court was asked to review a Court of Chancery decision that determined the profits of a successful investment entity would be distributed in accordance with the dictates...
by The Delaware Counsel Group | Oct 10, 2016 | Law Updates, LU16
In Re Books-A-Million, Inc. Stockholders Litigation, C.A. No. 11343-VCL (Del. Ch. Oct. 10, 2016) The Court of Chancery addressed a claim for breach of fiduciary duty in connection with a going-private transaction that utilized the deal protections set forth by the...
