Delaware Business Court Insider | Commentary
By Gabriel Herrmann and Lee R. Crain | July 25, 2018
The Delaware Court of Chancery's decision in Wenske v. Blue Bell Creameries, C.A. No. 2017-0699-JRS (July 6, 2018) (Slights, V.C.), highlights an interesting practical challenge faced by parties seeking to impose oversight obligations on a manager charged with operating a business in accordance with sound industry business practices.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | June 27, 2018
When friends go into business, their ties may fray if the business experiences difficulty and the parties have different views of how to proceed and who is responsible.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | June 27, 2018
In Official Committee of Unsecured Creditors v. Constellation Enterprises (In re Constellation Enterprises), Judge Andrews held that a creditors' committee automatically dissolved when a Chapter 11 case was converted to a Chapter 7 case and as a result it lacked the capacity or authority to pursue appeals that had been filed from orders of the bankruptcy court, including the order converting the case.
Delaware Business Court Insider | Commentary
By Edward M. McNally | June 20, 2018
Every transaction to some extent is based on trust. At least a buyer trusts that a seller is not actively trying to defraud him.
Delaware Business Court Insider | Commentary
By Jennifer H. Rearden, Jefferson E. Bell and Michael Marron | June 13, 2018
In Steinberg v. Bearden, the Delaware Chancery Court considered whether the Aronson or Rales test for demand futility should apply to a derivative claim for breach of fiduciary duty against directors who allegedly made false and misleading statements.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | June 6, 2018
In TCV VI v. TradingScreen, Vice Chancellor J. Travis Laster addressed the scope of the materials that a lawyer must produce to a former client upon request.
Delaware Business Court Insider | Commentary
By K. Tyler O'Connell | June 6, 2018
Appraisal rights have been the subject of increased focus in the current, post-Corwin environment, in which a fully-informed noncoerced stockholder vote suffices to dispose of most M&A challenges.
Delaware Business Court Insider | Commentary
By Ellis E. Herington | May 30, 2018
What obligations does a board of directors owe to a controlling stockholder? What actions can a board of directors take against a controlling stockholder?
Delaware Business Court Insider | Commentary
By Larry R. “Buzz” Wood Jr., Adam V. Orlacchio and Craig Haring | May 30, 2018
Delaware litigators and deal lawyers around the globe are keen on accounting for the risk of dissenting stockholders exercising appraisal rights when negotiating and structuring a corporate transaction.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | May 23, 2018
The Delaware Limited Liability Company Act's policy is to give the maximum effect to the principle of freedom of contract in LLC operating agreements.
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