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...
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...
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...
17 Jul, 2024 Chancery Confirms Arbitration Award Resulting in Negative Purchase Price By Vincent J. Cannizzaro III Justin Larsen Aarish Sheikh Delaware Business Court Insider Parties to a transaction agreement often include a provision requiring the parties to arbitrate any...
01 Jul, 2024 2024 Delaware General Corporation Law Amendments By K. Tyler O'Connell ABA Business Law Today (BLT) As part of the annual process of reviewing and updating the Delaware General Corporation Law (“DGCL”),...
19 Jun, 2024 Chancery Reviews SPAC Precedents and Dismisses Complaint for Failure to Show Impairment of Stockholders’ Redemption Rights By K. Tyler O'Connell Delaware Business Court Insider In In re MultiPlan Stockholders Litigation, the Delaware Court of Chancery reasoned that common special...
30 May, 2024 Ediscovery Attorney Joe Leonard Publishes Article on Data Competence By Joseph C. Leonard Ediscovery attorney Joe Leonard has authored the article "Data Competence: Attorney Obligations in Handling Firm and Client Information"...
28 May, 2024 Chancery Allows Claims to Proceed Against Stockholder Subjecting It to Entire Fairness Review By P. Clarkson Collins Jr. Delaware Business Court Insider An “allegation that a transaction involves a controlling stockholder who stands on both sides is a...
22 May, 2024 Del. Exclusive Forum Selection Clause Does Not Bind Contracting Party’s Managers, Principals, Owners Who Do Not Directly Benefit From Contract By Barnaby Grzaslewicz Delaware Business Court Insider Parties to transaction agreements often choose Delaware as the exclusive forum for disputes arising out...
21 May, 2024 The Clawback Process in Bankruptcy: What You Need to Know By Eric J. Monzo Tara Pakrouh The clawback provisions in the U.S. Bankruptcy Code are essential tools for protecting a bankruptcy estate and creditors' interests from...
14 May, 2024 Court of Chancery Grants Special Litigation Committee’s Dismissal of 'Carvana' Derivative Action By Albert J. Carroll Delaware Business Court Insider Boards of Delaware corporations control the company’s assets, which includes by default derivative claims...
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...
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...
27 Mar, 2024 FAQs: Legal Guidance for Families Affected by the Baltimore Bridge Collapse By Keith E. Donovan Matthew R. Fogg Wilson A. Gualpa Kevin G. Healy Ross C. Karsnitz Michael G. Owen +3 more... Show less In the wake of the tragic incident involving the collision of The Dali container ship with the Francis Scott Key Bridge in Baltimore,...