Delaware Business Court Insider | Commentary
By Mackenzie M. Wrobel | April 6, 2022
Vice Chancellor Lori Will in In re Aerojet Stockholder Litigation, No. 2022-0127-LWW, confirms that the middle, in a field of neutrality, is exactly where a company and its resources must remain in the midst of contested director elections involving a mixed bag of incumbent directors and insurgents.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | March 30, 2022
May a third party bring a direct action against an insurer for coverage on a theory of subrogation when equitable subrogation does not apply and the right cannot be traced to a statute or contract?
Delaware Business Court Insider | Commentary
By Cliff C. Gardner and Lilianna Anh P. Townsend | March 16, 2022
Earlier this year, in a split-decision in Seafarers Pension Plan v. Bradway, the U.S. Court of Appeals For the Seventh Circuit reversed the Northern…
Delaware Business Court Insider | Commentary
By Nathaniel J. Stuhlmiller | March 9, 2022
Under Delaware law, the board of directors is generally responsible for overseeing the business and affairs of the corporation.
Delaware Business Court Insider | Commentary
By Richard L. Renck | March 2, 2022
As framed by the court: "No Delaware court has yet confronted the precise issue presented by respondent's motion—whether an appraisal petitioner may obtain full discovery in an appraisal proceeding where the proceeding was commenced for the purpose of pre-suit investigation."
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | March 2, 2022
Although Vice Chancellor Travis Laster denied the petition based on the language of the statute, his opinion appears to abandon the court's previous policy against permitting the revival of defunct Delaware corporations for use as blank check companies.
Delaware Business Court Insider | Commentary
By Molly DiBianca | February 23, 2022
The Healthy Delaware Families Act (the act) is a proposed law that, if passed, would provide access to paid leave for eligible Delaware workers.
Delaware Business Court Insider | Commentary
By Aaron R. Sims and Matthew D. Venuti | February 16, 2022
The court's ruling in Zoox has implications and raises questions both in and outside the context of appraisal proceedings.
Delaware Business Court Insider | Commentary
By Jared Zola | February 10, 2022
Corporations may prefer to pay these costs rather than face a rock-hard D&O insurance market and the seemingly "deny first and ask questions later" attitude of many claims handlers nowadays, or go through the hassle of creating a trust or other alternative arrangement for indemnification.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | February 2, 2022
At common law, before the directors could sell all the assets of a healthy corporation, they had to obtain unanimous stockholder approval. The unanimity requirement gave rise to holdout problems, where a minority of stockholders could block a transaction.
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