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

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

  • Blog Post: Advancement Claim Addressed in Receivership Context

    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 can access an enhanced version of this opinion...
  • Blog Post: Rare Rejection of Advancement Claim

    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’ fees they incurred in defending a suit...
  • Blog Post: Somewhat Rare Denial of Advancement Claim in the Delaware Court of Chancery

    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 the provisions for advancement in the company’s...