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Delaware Senate Confirms Fioravanti to Chancery Court Bench
Fioravanti, an attorney at the Wilmington firm Prickett, Jones & Elliott since 1999 and a director at the firm, is set to fill the vacancy left by former Vice Chancellor Tamika R. Montgomery-Reeves, who became the first black female Justice of the Delaware Supreme Court in November.Fioravanti Confirmed to Chancery Court
Fioravanti, an attorney at the Wilmington firm Prickett, Jones & Elliott since 1999 and a director at the firm, is set to fill the vacancy left by former Vice Chancellor Tamika R. Montgomery-Reeves, who became the first black female Justice of the Delaware Supreme Court in November.Plaintiffs failed to adequately allege the existence of a control group in this breach of fiduciary duty matter, so the chancery court properly dismissed the complaint. Affirmed.
The court dismissed this qui tam action involving an allegedly fraudulent scheme for depriving the state of money it was enti-tled to from unused gift cards.
Agency principles prevented a special litigation committee from having authority to manage this derivative litigation, because the court had previously held that the sole general partner which created the committee had a disabling interest.
The court held that the claimed loss fell within the plain language of the insurance policies, and other factual issues precluded summary judgment.
In this case involving a corporate merger, the company and its board were not entitled to judgment on the pleadings where they did not comply with statutory notice requirements regarding appraisal rights.
The withdrawing member of a limited liability company was entitled to half the value of the company as of the date of with-drawal, less the amount he owed on his capital account.
Defendants' successful effort to enforce a forum selection clause in the court of another state did not preclude them from arguing that a shareholder action was derivative.
The plain language of an LLC agreement governed the parties' dispute, and the trial court improperly implied a cove-nant where no contractual gap existed. Affirmed in part, reversed in part.
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