November 19, 2014 | Delaware Business Court Insider
Chancery Ruling Means Shareholder May Pursue Claim Over Zynga IPOA corporation's contractual obligations do not trump an individual director's fiduciary duties in cases where the rights of all shareholders collectively are implicated, the Delaware Court of Chancery has ruled.
By Jeff Mordock
5 minute read
November 19, 2014 | Delaware Business Court Insider
Analysts Say Corporations Shouldn't Fret Over Court TurnoverThe Delaware Supreme Court, viewed by many as the nation's top corporate court, has been rocked by turnover with four of its five justices retiring in roughly one year's time. Corporate law analysts say the departures will not impact the state's reputation among a business community more focused on the substance of law rather then the judges deciding it.
By Jeff Mordock
5 minute read
November 19, 2014 | Delaware Law Weekly
Srinivasan Tells Del. Audience of U.S. Supreme Court ExperiencesA federal appeals court judge who is often spoken of as a potential future U.S. Supreme Court nominee told an audience of lawyers, judges and politicians about his experiences arguing cases before the nation's highest court last week in Wilmington.
By Jeff Mordock
5 minute read
November 14, 2014 | Delaware Law Weekly
JNC Sends Three Candidates to Gov. for Superior Court OpeningThe Judicial Nominating Commission has submitted the names of three current Superior Court judges to Gov. Jack Markell for consideration as the court's next president judge, according to sources familiar with the process. The three candidates are said to be Judges William C. Carpenter Jr., Eric M. Davis and Jan R. Jurden.
By Jeff Mordock
2 minute read
November 12, 2014 | Delaware Law Weekly
Six Apply to Be Delaware Superior Court President JudgeFive active judges and one private practice attorney have applied to lead the Delaware Superior Court, according to sources familiar with the process. The six candidates are vying to replace former Superior Court President Judge James T. Vaughn Jr., who was appointed to the state Supreme Court last month.
By Jeff Mordock
7 minute read
November 12, 2014 | Delaware Law Weekly
Judiciary Partners With University of Delaware to Improve EfficiencyThe Delaware judiciary and the University of Delaware last week entered into a 10-year partnership to institute private-sector management techniques in administering the courts' increasing caseload.
By Jeff Mordock
4 minute read
November 12, 2014 | Delaware Business Court Insider
Chancery Court Refuses to Block $44B Kinder Morgan ConsolidationEnergy giant Kinder Morgan Inc. can move forward with its proposed $44 billion plan to consolidate its oil pipeline businesses, the Delaware Court of Chancery has ruled. In the decision, the court ruled the proposal requires approval from a simple majority vote of shareholders, not a supermajority across multiple stock classes.
By Jeff Mordock
4 minute read
November 12, 2014 | Delaware Business Court Insider
Supreme Court Refuses to Stop Transfer of Insurance Rights in Tort CaseA safety products manufacturer can assign its insurance policy rights to plaintiffs in a West Virginia tort case, the Delaware Supreme Court has ruled. The high court held that an insurer who opposed the transaction did not meet the evidentiary burden necessary to require the "extraordinary form of relief" of an injunction.
By Jeff Mordock
4 minute read
November 12, 2014 | Delaware Business Court Insider
Allergan Shareholders' Push to Replace Board Foiled as PrematureAllergan shareholders' effort to replace the Botox manufacturer's entire board with directors who support a proposed $5.3 billion acquisition by Valeant Pharmaceuticals International was dealt a setback last week when the Delaware Court of Chancery ruled their claim was not ripe for adjudication.
By Jeff Mordock
4 minute read
November 12, 2014 | Delaware Law Weekly
AG-Elect Denn to Immediately Push Crime-Reduction PlanAttorney General-elect Matt Denn said he plans to hit the ground running to implement his seven-point crime-reduction plan as quickly as possible. The ambitious plan, along with his experience drafting legislation, could make him one of the more active attorneys general in terms of policy creation in Delaware history, political observers said.
By Jeff Mordock
6 minute read
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