by The Delaware Counsel Group, LLC | Mar 29, 2016 | Law Updates, LU16
Dieckman v. Regency GP LP, C.A. No. 11130 (Del. Ch. Mar. 29, 2016) The Court of Chancery analyzed a limited partnership agreement that eliminated all fiduciary duties but included a contractual governance structure. The governance structure contained a number of safe...
by The Delaware Counsel Group, LLC | Feb 29, 2016 | Law Updates, LU16
Marino v. Patriot Rail Company LLC, C.A. No. 11605 (Del. Ch. Feb. 29, 2016) The Court of Chancery addressed a company’s attempt to avoid advancing expenses to a former director based on language found in the company’s Certificate of Incorporation. The company...
by The Delaware Counsel Group, LLC | Feb 26, 2016 | Law Updates, LU16
Hazout v. Ting, No. 353, 2015 (February 26, 2016)The Delaware Supreme Court determined that the statutory basis for finding jurisdiction over Delaware directors and officers was more expansive than it has been interpreted to be by Delaware courts for over thirty...
by The Delaware Counsel Group, LLC | Feb 23, 2016 | Law Updates, LU16
FdG Logistics LLC v. A&R Logistics Holdings, Inc. C.A. No. 9706-CB (February 23, 2016) The Court of Chancery denied the Sellers’ motion to dismiss the Buyer’s claim of fraud based on statements made outside the terms of a merger agreement. The Court also granted...
by The Delaware Counsel Group, LLC | Feb 8, 2016 | Law Updates, LU16
Bonanno v. VTB Holdings, Inc. C.A. No. 10681-VCN (February 8, 2016)The Court of Chancery performed an extensive analysis of the application and scope of a forum selection provision found in a Stock Purchase Agreement (“SPA”) governed by New York law.The forum...
by The Delaware Counsel Group, LLC | Jan 29, 2016 | Law Updates, LU16
Knoll Capital Management L.P. v. Advaxis, Inc. C.A. No. 11417-VCN (January 29, 2016)The Court of Chancery examined the broad scope of recently amended Sections 204 and 205 of the Delaware General Corporation Law. In Knoll Capital, the plaintiff company (“KCM”)...
