0 results for 'Prickett, Jones & Elliott, P.A.'
The court held in this derivative suit that demand was not excused where there was no showing that at least five members of a nine-member board of directors were unable to consider a pre-suit demand. Motions to dismiss granted.
Shareholders Say Upholding Chancery Decision Would Destroy Appraisal Rights in DGCL
The shareholders' appeal states it's asking the court to apply Delaware's appraisal statute to determine for the first time whether, for appraisal purposes, a dividend paid after a merger closed can be considered part of the merger, as well as that dividend's effect on appraisal rights.Upholding Chancery Decision Would Destroy Appraisal Rights in DGCL, Shareholders Say
The shareholders' appeal states it's asking the court to apply Delaware's appraisal statute to determine for the first time whether, for appraisal purposes, a dividend paid after a merger closed can be considered part of the merger, as well as that dividend's effect on appraisal rights.Chancery Court Dismisses Wayfair Shareholder Suit Over Plaintiff's Failure to Make Pre-Suit Demand
Vice Chancellor Sam Glasscock III found that the plaintiff did not demonstrate that the defendants acted in bad faith when they approved a debt issuance transaction, giving the defendants cause to dismiss the suit.The court held that plaintiffs were entitled to a mootness fee in the amount of 9 million dollars.
View more book results for the query "Prickett, Jones & Elliott, P.A."
Boeing Shareholders Float $237.5M Settlement in NY State Comptroller-Led Suit
The agreement would conclude litigation by shareholders who argue Boeing should have had more oversight over the 737 MAX aircrafts that resulted in two mass-casualty crashes.'Remote, Hypothetical Conflicts' Don't Merit Shakeup of Lead Counsel in Facebook Case: Slights
Vice Chancellor Joseph R. Slights III determined Tuesday that criticism of the shareholders' team appeared to have been brought up as leverage in the leadership bid, not as a concern significant enough to warrant an interlocutory appeal.Motion to dismiss challenge to board election denied where motion referred to documents outside of the pleadings, requiring conversion of the motion to one for summary judgment, under which standard the court determined that further factfinding was required.
The court held that consolidation of cases was not appropriate where one case's derivative plaintiffs made no demand on the corporate board and the other case's single plaintiff chose to make a demand that was subsequently refused.
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