March 15, 2023 | Delaware Business Court Insider
Court of Chancery Denies Bid to Make Records of Arbitration Materials Presumptively Confidential Under Rule 5.1A recent case, Soligenix v. Emergent Product Development Gaithersburg, called upon the Court of Chancery to answer the related questions of whether arbitration materials automatically qualify for confidential treatment under Court of Chancery Rule 5.1.
By R. Eric Hacker
6 minute read
April 27, 2022 | Delaware Business Court Insider
Language and Context Lead Chancery to Conclude That Irrevocable Proxy Does Not Bind Subsequent TransfereeUnder Section 212(e), a proxy may be made irrevocable "if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power." But, once established, does an irrevocable proxy bind only the individual stockholder who granted the proxy, or does it also bind subsequent holders of the stock, too?
By Lewis H. Lazarus and R. Eric Hacker
6 minute read
June 09, 2021 | Delaware Business Court Insider
'Manichaean Capital': Chancery Recognizes the Viability of Reverse Veil-Piercing in Rare CircumstancesIn a case of first impression, the Vice Chancellor Joseph R. Slights III in Manichaean Capital v. Excela Technologies, C.A. No. 2020-0601-JRS (Del. Ch. May 25, 2021) refused to dismiss a claim to use reverse veil-piercing to execute upon a limited liability company charging order issued to the plaintiffs in their efforts to collect a judgment in an appraisal action.
By R. Eric Hacker
7 minute read
April 28, 2021 | Delaware Business Court Insider
Chancery OKs Section 220 Inspection, Notwithstanding Attorneys' Heavy Involvement in Crafting DemandSection 220 of the DGCL enables a stockholder to obtain limited corporate information if they can state a proper purpose. Although in theory straightforward,…
By Lewis H. Lazarus and R. Eric Hacker
5 minute read
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