by The Delaware Counsel Group | Oct 7, 2016 | Law Updates, LU16
Jay Fretcher v. Cryo-Cell International, Inc., C.A. No. 11915-VCG (Del. Ch. Oct. 07, 2016) The plaintiff-stockholder sued the defendant-corporation seeking a declaration that a provision in a corporation’s bylaws was illegal. The provision at issue provided that...
by The Delaware Counsel Group | Sep 29, 2016 | Law Updates, LU16
The Huff Energy Fund, L.P. v. Gershen, C.A. No. 11116-VCS (Del. Ch. Sep. 29, 2016) The Delaware Court of Chancery was asked to determine whether directors of a Delaware corporation (the “Corporation”) could be found to have individually breached a Shareholders...
by The Delaware Counsel Group | Sep 7, 2016 | Law Updates, LU16
Grand Acquisition, LLC v. Passco Indian Springs DST, C.A. No. 12003-VCMR (Del. Ch. August 26, 2016) (Revised: September 7, 2016) The Delaware Court of Chancery was asked to determine whether the beneficial owner (the “LLC”) of a statutory trust (the “Trust”) had the...
by The Delaware Counsel Group | Aug 24, 2016 | Law Updates, LU16
City of Miami General Employees’ and Sanitation Employees’ Retirement Trust v. Comstock, C.A. No. 9980-CB (Del. Ch. August 24, 2016) The Court of Chancery applied the business judgment rule to dismiss the plaintiff’s post-closing monetary damages claims in connection...
by The Delaware Counsel Group | Aug 5, 2016 | Law Updates, LU16
James Pogue v. Hybrid Energy, Inc., C.A. No. 11563-VCG (Del. Ch. August 5, 2016) The Court of Chancery addressed an alleged shareholder’s claim to inspect the books and records of the defendant entity, Hybrid Energy, Inc. (“Hybrid”). The plaintiff claimed that Hybrid...
by The Delaware Counsel Group | Jul 13, 2016 | Law Updates, LU16
Aleynikov v. The Goldman Sachs Group, Inc., C.A. No. 10636-VCL (Del. Ch. July 13, 2016) POST-TRIAL ORDER AND FINAL JUDGEMENT The Court of Chancery analyzed a claim for advancement made by a former computer programmer (“Aleynikov”) of Goldman, Sachs &...
