Delaware Business Court Insider | News
By Tom McParland | Delaware Business Court Insider | October 16, 2017
A Delaware Court of Chancery judge on Oct. 13 criticized Abrams & Bayliss attorneys for pulling an about-face in a corporate dispute over the composition of the Roma Restaurant Holdings board.
Delaware Business Court Insider | News
By Tom McParland | Delaware Business Court Insider | October 12, 2017
Universal Health Services Inc. may cite any documents produced in a books-and-records action to support a motion to dismiss expected derivative litigation over the company's alleged practice of committing patients to mental institutions against their will, the Delaware Court of Chancery ruled on Thursday.
Delaware Business Court Insider
By Barry M. Klayman and Mark E. Felger | October 11, 2017
Can a party be precluded from offering evidence that contradicts or seeks to expand the testimony of its designated Rule 30(b)(6) witness? When a party notices the deposition of an organization under Rule 30(b)(6), the organization has an obligation to ensure, through the testimony of one or more witnesses, that the party taking the deposition receives complete responses, based on the organization's full knowledge and any relevant material available to it.
Delaware Business Court Insider | Expert Opinion
By Christopher B. Chuff, Joanna J. Cline, Douglas D. Herrmann and James H.S. Levine | October 11, 2017
A recent decision by the Delaware Court of Chancery, Mehta v. Kaazing, C.A. No. 2017-0087-JRS (Del. Ch. Sept. 29), confirms that stockholder demands to inspect corporate books and records based on the need to value a stockholder's shares may be validly denied if the stockholder is unable to demonstrate that it has a “present” need to value its shares. Indeed, as the court makes clear, simply reciting a proper purpose, such as valuing one's shares or investigating mismanagement, is not enough.
Delaware Business Court Insider
By Lewis H. Lazarus | September 27, 2017
Delaware jurisprudence encourages decision-making by boards of independent and disinterested directors.
Delaware Business Court Insider
By Tom McParland | September 27, 2017
A Delaware federal judge on Tuesday dismissed a constitutional challenge to the forced sale of TransPerfect Global Inc., dealing another blow to CEO Philip R. Shawe's campaign to reverse the Chancery Court rulings that put the profitable translation-services company on the auction block.
By Tom McParland | September 20, 2017
A federal judge on Tuesday dismissed a lawsuit accusing the chancellor of Delaware's Chancery Court and a court-appointed custodian of stifling the free-speech rights of a TransPerfect Global Inc. employee in connection with the forced sale of the profitable translation-services company.
Delaware Business Court Insider
By R. Stephen McNeill | September 20, 2017
U.S. Bankruptcy Judge Mary Walrath of the District of Delaware followed a growing line of precedent in ordering Wilmington Savings Fund Society FSB, as successor collateral and administrative agent under a term loan facility with TSA Stores Inc. and certain of its affiliates (the debtors), to produce documents in the possession of its predecessor agent.
Delaware Business Court Insider
By P. Clarkson Collins Jr. | September 13, 2017
Corporate practitioners have been closely following developments in Delaware's shareholder appraisal litigation.
Delaware Business Court Insider
By Tom McParland | September 8, 2017
As the court-ordered sale of TransPerfect Global Inc. nears the finish line, company co-founder Philip R. Shawe is showing no signs of relenting in his years-long fight to keep the profit-turning translation-services company off the auction block.
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