Corporate

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Creditors’ Rights to Pursue Derivative Claims Against Company Directors Under Delaware Law
Posted on 12 May 2015 by Kevin M. LaCroix

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... Read More

Francis Pileggi Discusses Delaware Supreme Court’s Sidestep of Proper Purpose Requirement Issue in Central Laborers Pension Fund v. News Corp.
Posted on 15 Jun 2012 by Corporate and Securities Law Community Staff

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... Read More