Publication Date: 2018-09-26
Practice Area: Communications and Media | Corporate Governance | Foreign Corrupt Practices Act
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys: For plaintiff: John E. Abramczyk, D. McKinley Measley, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Shireen A. Barday, Kirkland & Elliss LLP, New York, NY; Patrick J. Nash, Kirkland & Ellis LLP, Chicago, IL, attorneys for plaintiffs
for defendant: Robert S. Saunders, Matthew P. Majarian, and Haley S. Stern, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE, attorneys for defendant.
Case Number: D68295
Court declined to dismiss breach of contract claim where there was genuine dispute of material fact as to whether defendant company incurred indebtedness in violation of certificate of designation with preferred stockholders.
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