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July 11, 2016 |

Bouchard Uses 'Imperfect' Blend of Metrics in Valuation Dispute

Pointing to significant regulatory uncertainty and a depressed market, the Delaware Court of Chancery considered three factors to determine that a private equity firm underpaid for DFC Global Corp. when it bought the payday lender for $9.50 per share in 2014.
12 minute read
July 05, 2016 |

Tender Offer in Merger Subject to Business Judgment Rule, Chancery Says

A tender-offer approval of an all-cash merger had the same cleansing effect as a stockholder vote, qualifying the deal for scrutiny under the forgiving business judgment rule, Vice Chancellor Tamika Montgomery-Reeves ruled June 30, interpreting a recent line of opinions from the Delaware Supreme Court.
14 minute read
July 01, 2016 |

Richards Layton Makes Historic Leadership Changes

Richards Layton & Finger has announced a new, three-person leadership group that, according to the firm, will mark the first time the top leaders of a Delaware firm include a female majority and an African American.
10 minute read
June 23, 2016 |

IP Whack-a-Mole: The 2016 Patent Litigation Survey

Suits by trolls still bedevil patent holders, despite efforts to rein them in.
190 minute read
June 21, 2016 |

Bouchard Approves Plan for TransPerfect Forced Sale

Chancellor Andre G. Bouchard on Monday approved a plan to complete the Delaware Chancery Court-ordered sale of TransPerfect Global by modified auction, granting broad discretion to the company's custodian and limiting the role of its warring co-founders in the process.
30 minute read
June 01, 2016 |

DGCL, Alternative Entity Bills Sailing Toward Final Approval

A suite of amendments to the Delaware General Corporation Law and the statutes governing limited liability companies and partnerships are headed for final legislative approval this month after moving easily through the House and a Senate panel.
10 minute read
May 25, 2016 |

Chancery Court Decision Provides Guidance on Multiforum Litigation

InIn re Wal-Mart Stores Delaware Derivative Litigation, , the Delaware Court of Chancery held that an order of the U.S. District Court for the Western District of Arkansas dismissing an Arkansas complaint precluded Delaware plaintiffs from litigating demand futility in a Delaware derivative action challenging the same underlying conduct.
17 minute read
May 20, 2016 |

Bankrupt Steel Foundry Operator Leaves Big Firms Holding Bag

Constellation Enterprises LLC, owner of the nation's largest single site steel foundry, owes nearly $2 million in legal bills to some of its outside lawyers, according to its Chapter 11 filing in Delaware.
12 minute read
May 18, 2016 |

T. Rowe Price Shares Ineligible for Appraisal, Court Rules

Shares belonging to T. Rowe Price & Associates, one of Dell's largest investors, will not be part of a massive appraisal action arising out of Dell's $25 billion going-private merger, the Court of Chancery ruled last week.
8 minute read
May 11, 2016 |

Attorneys Continue to Market Rapid Arbitration, Despite Slow Start

Attorneys are continuing to market the Delaware Rapid Arbitration Act as a new option for settling disputes quickly and discreetly, even as the system has failed to generate any filings in its first year.
8 minute read

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