July 07, 2015 | Delaware Business Court Insider
Derivative Standing in Bankruptcy ProceedingsIn In re Optim Energy LLC (Walnut Creek Mining v. Cascade Investment LLC), Civ. No. 14-738-LPS (D. Del. Mar. 13, 2015), U.S. District Judge Leonard P. Stark of the District of Delaware considered an appeal from the bankruptcy court's denial of a creditor's motion for derivative standing.
By Barry M. Klayman and Mark E. Felger
7 minute read
July 07, 2015 | Delaware Business Court Insider
Derivative Standing in Bankruptcy ProceedingsIn Civ. No. 14-738-LPS (D. Del. Mar. 13, 2015), U.S. District Judge Leonard P. Stark of the District of Delaware considered an appeal from the bankruptcy court's denial of a creditor's motion for derivative standing.
By Barry M. Klayman and Mark E. Felger
7 minute read
June 10, 2015 | Delaware Business Court Insider
Section 220 Demand Doesn't Extend to Non-employee Directors' Private EmailIn In re Lululemon Athletica 220 Litigation, 220 Litigation, C.A. No. 9039-VCP (Del. Ch. April 30, 2015), Vice Chancellor Donald F. Parsons Jr. held the defendant corporation in a books-and-records action under 8 Del. C. Section 220 did not have to search its non-employee directors' personal email accounts for documents.
By Barry M. Klayman and Mark E. Felger
7 minute read
June 10, 2015 | Delaware Business Court Insider
Section 220 Demand Doesn't Extend to Non-employee Directors' Private EmailIn220 Litigation, C.A. No. 9039-VCP (Del. Ch. April 30, 2015), Vice Chancellor Donald F. Parsons Jr. held the defendant corporation in a books-and-records action under 8 Del. C. Section 220 did not have to search its non-employee directors' personal email accounts for documents.
By Barry M. Klayman and Mark E. Felger
7 minute read
May 13, 2015 | Delaware Business Court Insider
Automatic Stay Doesn't Apply to Right to Compel Annual MeetingIn In re SS Body Armor I, Case No. 10-11255 (CSS) (Bankr. D. Del. April 1, 2015), U.S. Bankruptcy Judge Christopher Sontchi of the District of Delaware held the right of a stockholder to compel a debtor to hold an annual meeting for the purpose of electing a new board of directors continues during the pendency of a Chapter 11 proceeding, and the automatic stay does not apply to the exercise of that right.
By Barry M. Klayman and Mark E. Felger
5 minute read
May 13, 2015 | Delaware Business Court Insider
Automatic Stay Doesn't Apply to Right to Compel Annual MeetingIn, Case No. 10-11255 (CSS) (Bankr. D. Del. April 1, 2015), U.S. Bankruptcy Judge Christopher Sontchi of the District of Delaware held the right of a stockholder to compel a debtor to hold an annual meeting for the purpose of electing a new board of directors continues during the pendency of a Chapter 11 proceeding, and the automatic stay does not apply to the exercise of that right.
By Barry M. Klayman and Mark E. Felger
5 minute read
April 08, 2015 | Delaware Business Court Insider
Non-signatory May Enforce Forum Selection Clause to Defeat RemovalIn Carlyle Investment Management LLC v. Moonmouth, 779 F.3d 214 (3rd Cir. 2015), the U.S. Court of Appeals for the Third Circuit affirmed the judgment of the U.S. District Court for the District of Delaware remanding the case to state court pursuant to a forum selection clause in an agreement to which the appellant was not a signatory.
By Barry M. Klayman and Mark E. Felger
7 minute read
April 08, 2015 | Delaware Business Court Insider
Non-signatory May Enforce Forum Selection Clause to Defeat RemovalIn , 779 F.3d 214 (3rd Cir. 2015), the U.S. Court of Appeals for the Third Circuit affirmed the judgment of the U.S. District Court for the District of Delaware remanding the case to state court pursuant to a forum selection clause in an agreement to which the appellant was not a signatory.
By Barry M. Klayman and Mark E. Felger
7 minute read
March 10, 2015 | Delaware Business Court Insider
Court Adopts Narrow View of Exception to Borrowing StatuteDelaware's borrowing statute provides that an action to enforce a cause of action that arises outside of Delaware cannot be brought in a Delaware court after the expiration of the applicable Delaware statute of limitations or the statute of limitations of the state or country where the cause of action arose, whichever is shorter.
By Barry M. Klayman and Mark E. Felger
7 minute read
March 10, 2015 | Delaware Business Court Insider
Court Adopts Narrow View of Exception to Borrowing StatuteDelaware's borrowing statute provides that an action to enforce a cause of action that arises outside of Delaware cannot be brought in a Delaware court after the expiration of the applicable Delaware statute of limitations or the statute of limitations of the state or country where the cause of action arose, whichever is shorter.
By Barry M. Klayman and Mark E. Felger
7 minute read
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