In a detailed May 4, 2015 opinion ( here ), Vice Chancellor Travis Laster of the Delaware Chancery Court extensively reviewed the rights of an insolvent company’s creditors to pursue derivative claims against the company’s directors [ an enhanced...
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...