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Corporate and Securities Law Community Staff
over 12 years ago
Corporate
Business Law Blog
Free Download: The Work Product Doctrine in the Delaware Court of Chancery
In Hickman v. Taylor, the United States Supreme Court recognized a qualified immunity from discovery of a lawyer's work product prepared in connection with litigation. The Delaware Court of Chancery has embraced the work product doctrine as enunciated...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Court of Chancery's 2011 Electronic Discovery Guidelines
The Delaware Court of Chancery's Guidelines Regarding the Preservation of Electronically Stored Information (ESI) were previously reviewed here on this blog, but now Kevin F. Brady of Connolly Bove Lodge & Hutz LLP in Wilmington, a nationally...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Law Applicable to Controlling Shareholder Transactions to be Reviewed in Appeal to Delaware Supreme Court
Overview This 33-page opinion of the Court of Chancery, issued yesterday on a holiday, grants an application for an interlocutory appeal of the original decision in this case dated May 26, 2010, which was highlighted on this blog here. The major issue...
Brian JM Quinn
over 12 years ago
Securities
Securities Law Blog
Chancellor Chandler and Airgas...
I don't know, but I think Chancellor Chandler isn't all that impressed with the Supreme Court reversing his decision in the Airgas case. He sent a letter to the parties yesterday ( Letter here ) with a number of questions seeking supplemental...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Delaware Court of Chancery Declines to Dissolve LP and Declines to Appoint Receiver of Failing Investment Fund
Steven Mizel Roth IRA v. Laurus U.S. Fund, L.P ., C.A. 5566-VCN (Del. Ch. Feb. 25, 2011), read opinion here . This Court of Chancery opinion rejected a request to dissolve a limited partnership and refused to appoint a receiver in the context of an...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Delaware Court of Chancery Orders Dissolution of LLC of Famous Handyman, Based on "Not Reasonably Practicable" Standard
Vila v. BVWebTies LLC, C.A. No. 4308-VCS (Del. Ch. Oct. 1, 2010), read opinion here . Brief Overview This opinion adds needed depth to the case law on Section 18-802 of the Delaware LLC Act which allows a member of an LLC to seek dissolution...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Delaware Court of Chancery Orders Prompt Trial on Books and Records Case
Lavi v. Wideawake Deathrow Entertainment LLC , C.A. No. 5779-VCS (Del. Ch. Jan. 18, 2011), read letter ruling here . Issue Addressed The issue decided by the Court of Chancery in this books and records action under Section 18-305 of the Delaware...
Brian JM Quinn
over 12 years ago
Securities
Securities Law Blog
Bebchuk on Airgas
Don't like the Airgas decision? Maybe you're with Chancellor Chandler in thinking that Interco wasn't all that bad - that fully-informed stockholders should have the right to decide whether or not to accept an offer. That's not the...
Brian JM Quinn
over 12 years ago
Securities
Securities Law Blog
158-Page Airgas Opinion Upholding Poison Pill is a Primer on the Unocal and Takeover Defenses
Download it, get a cup of coffee, close the door, and start reading this primer on the pill, Unocal, and "just say no" defense. Spoiler alert: Airgas wins and Air Products drops its bid and moves on. So, looks like no appeal in the works...
Francis G.X. Pileggi
over 10 years ago
Securities
Securities Law Blog
Court Provides Practical Advice on Advancement Claims
Feeley v. NHAOCG, LLC , is a pending Chancery case involving issues that relate to a contest for control, and which has thus far generated two opinions, highlighted on these pages here and here . A transcript of an oral argument in this case has recently...
Brian JM Quinn
over 12 years ago
Securities
Securities Law Blog
Airgas: Potato, Potahto
The Deal Prof has a run-down on the Airgas decision . He has it about right: The signal this reversal sends is that it basically says don't worry about the language of your contracts so long as everybody "knows" what it means. ...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
Chancery Rejects Request to Enjoin Freeze-Out by Controlling Stockholder
In Re CNX Gas Corp. Shareholders Litigation, C. A. Consol. No. 5377-VCL (Del Ch. May 25, 2010), read 42-page opinion here . This will be a very short overview until a fuller synopsis can be provided at a later date. Overview The Delaware Court...
Francis G.X. Pileggi
over 12 years ago
Securities
Securities Law Blog
The Life and Times of Chancellor William Chandler
The tenure of Chancellor William B. Chandler, III on the Court of Chancery since 1989 is the topic of a retrospective article on the site called Boardmember.com which is available here . The article describes the importance of the Court in the world...
Francis G.X. Pileggi
over 10 years ago
Securities
Securities Law Blog
Chancery Applies DGCL Section 144 to LLCs by Analogy
Feeley v. NHAOCG, LLC , C.A. No. 7304-VCL (Del. Ch. Oct. 12, 2012) [ enhanced version available to Lexis.com subscribers ]. What this case is about: This Delaware Court of Chancery opinion addresses a dispute regarding management and control of an...
Brian JM Quinn
over 12 years ago
Securities
Securities Law Blog
Poison Pill in Delaware Court on Tuesday
So, tomorrow Chancellor Chandler will take up the question of whether to order the Airgas board to pull its pill. Air Products, you'll remember, has been pursuing Airgas for many months now. Airgas has steadfastly said "No." In the fall...
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