06 Sep, 2024 An Overview of the Delaware Limited Liability Company Act By Ross Antonacci Nicholas J. Caggiano Jr. Shannon S. Frazier Lewis C. Ledyard III Jonathan G. Strauss +2 more... Show less The DLLC Act Delaware’s reputation as the premier jurisdiction for corporate entities is well known. In recent years, however, Delaware...
05 Sep, 2024 Delaware Superior Court Holds That Attorney-Client Privilege Was Retained By Seller Post-Merger By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell Biomerieux, Inc. v. Rhodes, C.A. No. N23C-10-067 (Del. Super. May 9, 2024). The default rule in Delaware is that the attorney-client...
05 Sep, 2024 Chancery Holds Plaintiff Fails to Meet Rule 23.1 Pleading Standard, Dismisses Action Arising From T-Mobile Data Hack By K. Tyler O'Connell Samuel Bashman Harper v. Sievert, C.A. No. 2022-0819-SG (Del. Ch. May 31, 2024). A stockholder plaintiff brought derivative claims alleging that current...
05 Sep, 2024 Court of Chancery Denies Post-Trial Motions Seeking to Enjoin Tesla Defendants By K. Tyler O'Connell Samuel Bashman Tornetta v. Musk, C.A. No. 2018-0408-KSJM (Del. Ch. May 28, 2024) Following the Court of Chancery’s post-trial opinion concerning Elon...
05 Sep, 2024 Delaware Supreme Court Reverses MFW Dismissal Due to Inadequate Disclosures Regarding Special Committee’s Advisors’ Material Conflicts By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell City of Sarasota Firefighters’ Pension Fund v. Inovalon Holdings Inc., No. 305, 2023 (Del. May 1, 2024). The Delaware Supreme Court’s...
26 Aug, 2024 The News Journal Names Morris James a 2024 Delaware Top Workplace - 17 Years of Recognition By Morris James LLP For the 17th consecutive year, Morris James is proud to announce its recognition as a Delaware Top Workplace, once again demonstrating...
21 Aug, 2024 Minority Stockholder Was Not a Controller Because Plaintiff Did Not Adequately Plead Actual Control of the Company’s Business Affairs By Barnaby Grzaslewicz Delaware Business Court Insider It is axiomatic that directors and officers of a Delaware corporation owe fiduciary duties to...
16 Aug, 2024 Avon Delaware Bankruptcy Proceedings FAQs By Keith E. Donovan Matthew R. Fogg Brya M. Keilson Eric J. Monzo Tara Pakrouh +2 more... Show less What is the status of the Avon bankruptcy? Avon Products Inc., a U.S.-based holding company that owns the Avon brand outside the United...
15 Aug, 2024 Chancery Enforces Arbitration Provisions for Former Employees’ Claims Against the Company’s Successor By Albert H. Manwaring IV Alena Smith K. Tyler O'Connell Buzzfeed Media Enterprises, Inc. v. Anderson, C.A. 2023-0377-MTZ (Del. Ch. May 15, 2024). The Court of Chancery held that arbitration...
15 Aug, 2024 Chancery Determines Certain Suits Against Amazon Were Insufficient to Meet Credible Basis Standard to Inspect Corporate Books and Records By K. Tyler O'Connell Samuel Bashman Wong Leung Revocable Tr. v. Amazon.com Inc., C.A. No. 2023-1251-BWD (Del. Ch. May 1, 2024) In order to inspect books and records under...
15 Aug, 2024 Chancery Addresses Acquirer’s Request For Joint Tortfeasor Settlement Credit By K. Tyler O'Connell Samuel Bashman In re Columbia Pipeline Grp. Inc. Merger Litig., Consol. C.A. No. 2018-0484-JTL (Del. Ch. May 15, 2024) In this post-trial decision, the...
15 Aug, 2024 Chancery Grants Motion to Dismiss Breach of Fiduciary Duty Claims Against Officers in Controlling Stockholder Transaction Subject to Entire Fairness By Lewis H. Lazarus Sarah Ennis K. Tyler O'Connell Kormos v. Playtika Hldg. UK II Ltd., C.A. 2023-0396-SG (Del. Ch. May 3, 2024) In this decision involving breach of fiduciary duty claims...
15 Aug, 2024 36 "Best Lawyers" Recognitions; Nine "Ones to Watch" By Morris James LLP Best Lawyers Morris James is proud to announce that 45 of our attorneys have been recognized in the 2025 edition of The Best Lawyers in...
01 Aug, 2024 2024 Amendments to the General Corporation Law of the State of Delaware Go into Effect By Vincent J. Cannizzaro III K. Tyler O'Connell Aarish Sheikh Justin Larsen +1 more... Show less The latest amendments (the “Amendments”) to the Delaware General Corporation Law (the “DGCL”) went into effect today, August 1, 2024, to...
24 Jul, 2024 Controlling Stockholder Transactions That Do Not Involve a Freeze-Out Merger May Satisfy MFW to Obtain Business Judgment Review By Albert H. Manwaring IV Delaware Business Court Insider In Kahn v. M&F Worldwide, 88 A.3d 635 (Del. 2014) (MFW), the Delaware Supreme Court ruled that a...
23 Jul, 2024 Jeff Waxman to Speak at 2024 ABI Southeast Bankruptcy Workshop By Jeffrey R. Waxman American Bankruptcy Institute - 2024 Southeast Bankruptcy Workshop Bankruptcy and Restructuring Partner Jeff Waxman will be participating...