Corporate

Recent Posts

Advancement Claim Addressed in Receivership Context
Posted on 2 Aug 2015 by Francis G.X. Pileggi

The Delaware Court of Chancery opinion in Andrikopoulos v. Silicon Valley Innovation Company, LLC, C.A. No. 9899-VCP (Del. Ch. July 30, 2015), addressed the priority of an advancement claim in the context of a receivership under Delaware law [subscribers... Read More

Rare Rejection of Advancement Claim
Posted on 8 Sep 2015 by Francis G.X. Pileggi

In the recent Chancery decision of Lieberman v. Electrolytic Ozone, Inc., C.A. No. 10152-VCN (Del. Ch. Aug. 31, 2015), the court rejected claims for advancement by former officers and directors who sought to have their former company pay for the attorneys’... Read More

Delaware Court of Chancery Declines to Allocate Expert Expenses in Advancement Action
Posted on 17 Aug 2015 by Francis G.X. Pileggi

In the third ruling by the Court of Chancery in the advancement action styled Holley v. Nipro Diagnostics, Inc., C.A. No. 9679-VCP (Del. Ch. Aug. 14, 2015), the court addressed a request that expenses for third-party vendors of nearly $300,000 be allocated... Read More

Somewhat Rare Denial of Advancement Claim in the Delaware Court of Chancery
Posted on 17 Sep 2015 by Francis G.X. Pileggi

In a rare denial of a claim for advancement, the Delaware Court of Chancery in the opinion styled Charney v. American Apparel, Inc. , C.A. No. 11098-CB (Del. Ch., Sept. 11, 2015), rejected the claims by a former chairman and CEO (and founder), based on... Read More