Nathaniel J Stuhlmiller

February 24, 2015 | Delaware Business Court Insider

In Virtus Capital v. Eastman Chemical, C.A. No. 9808-VCL (Del. Ch. Feb. 11, 2015), the Delaware Court of Chancery denied a motion to dismiss a complaint for lack of personal jurisdiction in a suit related to the 2011 sale of Sterling Chemicals Inc. to Eastman Chemical Co. that was allegedly orchestrated by Sterling's controlling stockholder, Martin D. Sass.

By Nathaniel J. Stuhlmiller

6 minute read

February 24, 2015 | Delaware Business Court Insider

In , C.A. No. 9808-VCL (Del. Ch. Feb. 11, 2015), the Delaware Court of Chancery denied a motion to dismiss a complaint for lack of personal jurisdiction in a suit related to the 2011 sale of Sterling Chemicals Inc. to Eastman Chemical Co. that was allegedly orchestrated by Sterling's controlling stockholder, Martin D. Sass.

By Nathaniel J. Stuhlmiller

6 minute read

December 07, 2011 | Delaware Business Court Insider

In its Nov. 9 decision in In re Krafft-Murphy Company , the Delaware Court of Chancery addressed several important issues that a board of directors and its legal advisers should consider in connection with the dissolution of a corporation. Ruling on a motion to dismiss for insufficiency of service of process and failure to state a claim, the Court of Chancery held that service of process could be effected upon Krafft-Murphy Company Inc., a dissolved Delaware corporation, and that sufficient facts had been alleged that conceivably could show that the appointment of a receiver was necessary to litigate asbestos-based personal injury claims initiated more than 10 years after the corporation had been dissolved.

By Nathaniel J. Stuhlmiller Special to the DBCI

6 minute read

September 07, 2011 | Delaware Business Court Insider

Over the past few years, the level of disclosure regarding the work performed by a financial adviser rendering a fairness opinion in connection with an M&A transaction has increased substantially, due in part to decisions of the Delaware Court of Chancery. At the same time, the number of complaints challenging the adequacy of the disclosure with respect to potential conflicts of interest on the part of the target's financial adviser is seemingly on the rise.

By John Mark Zeberkiewicz and Nathaniel J. Stuhlmiller

5 minute read