Delaware Business Court Insider
By Adam H. Offenhartz, Jefferson E. Bell and Mark H. Mixon Jr. | June 14, 2017
M&A practitioners are regularly faced with the question of whether derivative claims will survive a merger after which the plaintiff will no longer be a stockholder.
Delaware Business Court Insider
By Albert H. Manwaring IV | June 14, 2017
Under the Delaware Supreme Court's decision in Corwin v. KKR Financial Holdings, 125 A.3d 304 (Del. 2015), business judgment review applies to cleanse a fiduciary challenge to a noncontrol transaction that was approved by an uncoerced, fully-informed, disinterested stockholder vote.
By Sonia Cheng | June 14, 2017
The General Data Protection Regulation (GDPR) goes into effect in roughly one year, yet many multi-national companies are still behind in preparing for compliance. This sweeping regulation requires organizations to meet stringent data protection requirements over personal data of EU citizens and for the first time, also impacts companies that are based outside of Europe.
By Kristie Rearick | June 13, 2017
Deborah Spranger has her mom to thank for helping her find her niche in corporate law. After graduating from college, Spranger, who had wanted to be a lawyer since she was 5, said she originally had plans to continue straight on to law school but decided, due to her mother's influence, to take a break and get a job instead.
By thelegalintelligencer | The Legal Intelligencer | June 9, 2017
Court of common pleas properly determined that it lacked jurisdiction over appeal because appellant failed to perfect in a timely manner by timely filing a counseled complaint and sole member's pro se complaint and appeal were ineffectual because LLC entities had to be represented by a qualified attorney in the courts of common pleas. Affirmed.
By therecorder | The Recorder | June 8, 2017
C.A. 4th; D070797 The Fourth Appellate District affirmed a judgment. The court held that the rights of an assignee to escheated property were no greater…
By therecorder | The Recorder | June 7, 2017
9th Cir.; 15-71330 The court of appeals affirmed a tax court decision. The court held that a single-member LLC’s status as a disregarded entity…
Delaware Business Court Insider
By Barry M. Klayman and Mark E. Felger | June 7, 2017
The Delaware Superior Court has ruled on an issue over an allegedly defamatory article that caused injury to a Delaware corporation hosted on a website outside of Delaware.
By Kevin Bouffard | June 2, 2017
Stories of the fatal bacterial disease citrus greening often focus on growers, who have seen their annual harvest decline by more than 70 percent because of greening. Just as severely impacted have been Florida's fresh citrus packinghouses, which buy a large portion of Florida's annual orange, grapefruit and tangerine harvests and sell them to supermarket chains and retailers across the U.S. and ship to export markets, including Japan, Canada and Europe.
By thelegalintelligencer | The Legal Intelligencer | June 2, 2017
A claim against a limited partnership was barred because it was not brought within two years of the dissolution of the partnership. Plaintiff's breach of contract claims against the limited partners did not allege knowing participation in wrongful conduct, so the court dismissed those claims.
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