25 Apr, 2024 Chancery Upholds Challenge to TripAdvisor’s Conversion from a Delaware Corporation into a Nevada Entity By Albert J. Carroll Albert H. Manwaring IV Alena Smith Palkon v. Maffei, C.A. 2023-0449-JTL (Del. Ch. Feb. 20, 2024)This decision arose out of TripAdivor’s conversion from a Delaware...
25 Apr, 2024 Delaware Supreme Court Upholds Forfeiture for Competition Provision in Partnership Agreement By Albert J. Carroll Bryan Townsend Cantor Fitzgerald, L.P., v. Ainslie, No. 162, 2023 (Del. Jan. 29, 2024) Here, a limited partnership agreement authorized the partnership...
25 Apr, 2024 Chancery Excuses Condition in Stockholder Agreement When Company Caused its Non-Occurrence By K. Tyler O'Connell Samuel Bashman Chordia v. Lee, C.A. No. 2023-0382-NAC (Del. Ch. Jan. 4, 2024) In this case, as part of a sale of a majority interest, a stockholder...
25 Apr, 2024 Chancery Invokes the Implied Covenant to Invalidate Shareholder Rights Plan By Albert J. Carroll Barnaby Grzaslewicz Aubrey Morin Whitestone REIT Operating Partnership L.P. v. Pillarstone Capital REIT, C.A. No. 2022-0607-LWW (Del. Ch. Jan. 25, 2024) 1In Delaware, the...
16 Apr, 2024 Alyssa Meldrum Appointed to Delaware Combined Campaign for Justice Committee By Alyssa G. Meldrum Associate Alyssa Meldrum was appointed to the Delaware Combined Campaign for Justice Committee in 2024. This appointment signifies her...
15 Apr, 2024 Morris James Proven as a Leader in Bankruptcy Services by BankruptcyData Research By Brya M. Keilson Eric J. Monzo BankruptcyData The bankruptcy and restructuring group has been recognized as one of the most active in Delaware according to the latest...
15 Apr, 2024 Morris James LLP Secures Key Legal Approvals in Alecto Healthcare's Chapter 11 Case By Christopher M. Donnelly Brya M. Keilson Tara Pakrouh Jeffrey R. Waxman +1 more... Show less In a significant development within the bankruptcy proceedings of Alecto Healthcare Services LLC, the bankruptcy and restructuring team,...
10 Apr, 2024 Chancery Dismisses Derivative Action Based on Plaintiff’s Failure to Allege Particularized Facts Demonstrating Demand Futility By Lewis H. Lazarus Delaware Business Court Insider The power to bring a claim for breach of duty causing injury to a Delaware corporation resides with the...
08 Apr, 2024 Boys and Girls Clubs of Delaware, Inc. Recognizes Partner Lewis Lazarus for His Board Service By Lewis H. Lazarus At its annual retreat on March 21, 2024, the Boys and Girls Clubs of Delaware, Inc. (“the BGCD”) recognized Partner Lewis H. Lazarus for...
05 Apr, 2024 Chancery Addresses Pleading-Stage Arguments for Dismissal in LLC Dispute By Albert H. Manwaring IV Albert J. Carroll Alena Smith Principal Growth Strategies LLC v. AGH Parent LLC, C.A. 2019-0431-JTL (Del. Ch. January 25, 2024) This decision provides helpful guidance...
05 Apr, 2024 Bankruptcy Courts' Role In Shaping Crypto's Legal Framework By Eric J. Monzo Tara Pakrouh Law360 Cryptocurrency is in the media's spotlight and the U.S. Securities and Exchange Commission's crosshairs. After the spectacular...
03 Apr, 2024 Chancery Confirms Bad Faith Pleading Standard for Officer Caremark Claims By R. Eric Hacker Aubrey Morin Segway Inc. v. Hong Cai, C.A. No. 2022-1110-LWW (Del. Ch. Ct. Dec. 14, 2023) The Caremark doctrine recognizes the duty of oversight for...
01 Apr, 2024 Morris James Launches Full-Service Corporate/M&A Practice By Vincent J. Cannizzaro III Keith E. Donovan Justin Larsen Dawn V. Sheiker Aarish Sheikh +2 more... Show less Welcomes Trio of Skadden Attorneys In a strategic move designed to enhance its corporate transactional, advisory, and governance...