Francis Pileggi Discusses Delaware Supreme Court’s Sidestep of Proper Purpose Requirement Issue in Central Laborers Pension Fund v. News Corp.

Francis G.X. Pileggi of Eckert Seamans Cherin & Mellott, LLC, discusses Central Laborers Pension Fund v. News Corp . No. 682, 2011 (Del. May 29, 2012). The issue on appeal to the Delaware Supreme Court was whether one can satisfy the proper purpose requirement of Delaware General Corporation Law...

Chancery Dismisses Duplicative Delaware Suit in Favor of First-Filed California Case

In Re Diamond Foods, Inc . Derivative Litigation , C.A. No. 7657-CS (Del. Ch. Feb. 28, 2013) [ an enhanced version of this opinion is available to lexis.com subscribers ]. Issue Addressed : Whether a derivative suit filed in Delaware should be dismissed in favor of a similar first-filed action...