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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.
Corporate directors did not breach their fiduciary duty of disclosure when they provided stockholders with two documents which together contained all material information in connection with a stockholder vote.
Motion for continued confidential treatment of litigation records denied where moving party failed to demonstrate good cause to overcome the presumption in favor of the right of public access to judicial records.
Unitholders' complaint challenging private issuance of securities to insiders established unfairness of transaction, but did not warrant equitable relief cancelling the transaction where partnership was not injured by transaction.
Preferred stockholders not entitled to payment of liquidation preference upon merger where company's certificate of incorporation merely provided them a blocking vote, and only voided that blocking
Carney Taps Litigator, Now Assistant Public Defender, for Supreme Court
Gov. John Carney on Monday nominated Gary F. Traynor, a Sussex County public defender and a former litigator with Prickett, Jones & Elliott, to become the next justice on the Delaware Supreme Court.Carney Taps Litigator, Now Assistant Public Defender, for Supreme Court
Gov. John Carney on Monday nominated Gary F. Traynor, a Sussex County public defender and a former litigator with Prickett, Jones & Elliott, to become the next justice on the Delaware Supreme Court.Parties' objection to discovery requests were overruled where the objections, particularly for privilege, were asserted in a generalized and conclusory manner and failed to specify the bases for as
Slights Awards Former CFO $1.8M in Indemnification Suit
The Delaware Court of Chancery on March 3 awarded a former officer of OptimisCorp $1.8 million to cover the cost of successfully defending allegations that he had plotted to remove a physical services company's chief executive back in 2012.Trending Stories
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