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Improving the Relevance and Reliability of Internet Searches
Internet searches may return thousands of results, many of which are irrelevant and unreliable. Library and information services administrator Tracey Rich discusses some advanced search techniques in Google that can improve the relevance and reliability of search results.In Orchid Cellmark Case, Chancery Court Revisits Familiar Issues
In the recent letter opinion In re Orchid Cellmark Inc. Shareholders Litigation , the Court of Chancery once again addressed the frequently litigated issues of the reasonableness of deal protection measures and the adequacy of proxy disclosures concerning competing projections. In refusing to enjoin the challenged tender offer by LabCorp to acquire Orchid, Vice Chancellor John W. Noble not only gave further guidance on these two issues, but also issued a cautionary statement that otherwise uncontroversial deal protection measures might go too far when used with additional protections.The Score: Dodgers Case Could Mean a Big Payday for Bartlit Beck
Chancery Court Greenlights Insider-Trading Claims Against KKR
Primedia Inc.'s shareholders can proceed with their derivative lawsuit alleging that the company's $525 million sale to TPG Capital LP improperly benefited the company's largest shareholder, Kohlberg Kravis Roberts & Co., the Delaware Chancery Court has ruled. In issuing the decision, the court held that the merger must be reviewed under the entire-fairness doctrine because of the possibility that KKR received a special benefit from the merger after Primedia's board opted not to seek profits the investment firm allegedly obtained as a result of insider trading in 2002.Delaware Chancery Court Warns Corporations About Debt Agreements That Violate Stockholders' Rights
A recent Delaware Court of Chancery decision instructing Delaware corporations not to ink debt agreements that violate stockholders' rights to nominate new directors is likely to generate attorney scrutiny of corporate debt agreements. The decision, which is on appeal at the Delaware Supreme Court, dismissed a claim that the directors breached their duty of care partly because outside counsel created the indenture agreement, but warned that such provisions might be "unenforceable as against public policy."Firm's Claims Against Former Partner Not All Subject to Arbitration
Defense firm Margolis Edelstein is currently involved in litigation with a former partner in its Wilmington, Del., office over allegations that the former partner breached his fiduciary duties to the firm. Margolis Edelstein alleges that Jeffrey K. Martin ceased acting as a partner in the firm and acted solely for his own benefit prior to his resignation from the firm, including soliciting firm clients to transfer business to himself, according to court papers.Australian Insolvency Can Be Recognized Under U.S. Law
An Australian receivership proceeding must be recognized as a foreign main proceeding under Chapter 15 of the U.S. Bankruptcy Code, the U.S. Court of Appeals for the Third Circuit has ruled in a precedential decision.The Bankruptcy Files: Lehman Fees, State Bankruptcies, and Three New Filings
Chancery Court Reversed on Definition of Good Faith
A conclusive presumption of good faith contracted into an oil and gas company's limited partnership agreement cannot preclude a unitholder's lawsuit because the concept of good faith described in the contract is "very different" from the concept found in the implied covenant of good faith and fair dealing, the Delaware Supreme Court has ruled.Trending Stories
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