Corporate

Recent Posts

Delaware Court of Chancery Allows Claims Against Ron Burkle in Challenged Transaction
Posted on 13 Feb 2014 by Francis G.X. Pileggi

OTK Associates, LLC v. Friedman , C.A. No. 8447-VCL (Del. Ch. Feb. 5, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers ]. A few takeaways from this Court of Chancery opinion involving a challenged recapitalization of... Read More

Dismissal Denied for Disinterested Directors When Entire Fairness Applies to Transaction
Posted on 15 Sep 2014 by Francis G.X. Pileggi

In re Cornerstone Therapeutics Inc. Stockholders Litigation, Cons. C.A. No. 8922-VCG (Del. Ch. Sept. 10, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers ]. This Chancery decision is noteworthy for its analysis of the... Read More

Delaware Court of Chancery Dismisses Challenge to Board Decision to Settle Claims
Posted on 21 Oct 2015 by Francis G.X. Pileggi

In Shaev v. Adkerson , C.A. No. 10436-VCN (Del. Ch. Oct. 5, 2015), the Delaware Court of Chancery dismissed claims for breach of fiduciary duty including the disclosure obligations of the board which granted stock units valued at approximately $35 million... Read More