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Yahoo Investors' Lawsuit Moves Along at Good Pace
Things are moving along at a good clip in the class action suit alleging breach of fiduciary duties brought by shareholders against Internet icon Yahoo! Inc. and its board of directors in the Court of Chancery.Complications Emerge in Wilmington Diocese's Reorganization
The Catholic Diocese of Wilmington Inc. filed its Chapter 11 reorganization plan in the U.S. Bankruptcy Court for the District of Delaware on Sept. 22, but several complex and sensitive issues stand between the plan and its approval by creditors.Desire to Adopt Pet Doesn't Create Legally Protected Interest
A bankruptcy attorney's efforts to reform the state Society for the Prevention of Cruelty to Animals' protocols to determine when it can euthanize a pet ended last week when his lawsuit was dismissed by the Delaware Court of Chancery. The attorney and his wife sought a permanent injunction seeking to bar the SPCA from using tests to determine if a dog is adoptable after Maggie, a dog they considered adopting, was euthanized, but the court held the plaintiffs did not have standing because they did not take formal steps to adopt the dog and, thus, did not have a legally protected interest.Chancery Court Rejects Application of New York Law in Dell Contract Dispute
In what is apparently a case of first impression, the Delaware Court of Chancery has rejected a motion to apply New York Civil Practice Law and Rule 3219 as substantive law in a contract dispute between a subsidiary of Dell and a company that offers licensing for software patents.IP Lawyer Stover Joins Barnes & Thornburg's Wilmington Office
Barnes & Thornburg has bolstered its intellectual property group with the addition of Chad S.C. Stover, who joined his new firm's Wilmington office October 7. The move reunited Stover with four former colleagues from Connolly Bove Lodge & Hutz, which became Novak Druce Connolly Bove & Quigg last fall.Three Firms Advising in $2.15 Bil. Dodgers Bankruptcy Sale
Dewey & LeBoeuf, Foley & Lardner and Sullivan & Cromwell are advising various parties on an investor group's $2.15 billion acquisition of Major League Baseball's Los Angeles Dodgers, the highest price ever paid for a professional sports team, and a deal that has thrilled fans and players and shocked some economists.Washington Mutual: Newfound Clarity
On Sept. 13, Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware issued the latest opinion in In re Washington Mutual Inc. Although the ultimate holding of the opinion - the denial of confirmation pending a court-ordered mediation - may be the takeaway point for many, those who analyze the Sept. 13 opinion further will discover newfound clarity on a number of issues. This article identifies those issues and briefly discusses the significance of the newfound clarity.Issue Not Raised During Labor Dispute Can't Be Appealed
The state's correctional officers' union cannot appeal an arbitrator's decision during labor negotiations with the state because it sought to appeal the decision based on an issue it did not present to the arbitrator during mediation, the Delaware Court of Chancery has ruled.Medical Society Dismissed From Bradley Civil Case
A Superior Court judge grappled recently with the profound question of who should bear responsibility, besides the perpetrator himself, for the sexual abuse allegedly suffered by the child patients of Dr. Earl Bradley at his hands -- alleged abuse that went undetected for more than a decade.Atmosphere of Intimidation Impairs Corporate Board's Independence, Chancery Court Opinion Shows
To enjoy the protections of the business judgment rule, directors of Delaware corporations must be free of self-interest in the outcome of their decisions, be independent from anyone who might have such an interest and act in good faith. The independence inquiry concerns "whether the director's decision resulted from that director being controlled by another," as the Delaware Court of Chancery put it in a 2002 decision, Orman v. Cullman .Trending Stories
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