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July 31, 2013 |

Court Denies Bid to Derail $116 Mil. Sale of Morton's

The Delaware Court of Chancery has dismissed a lawsuit filed by shareholders of Morton's Restaurant Group Inc., who alleged that the steakhouse chain's directors undervalued the company when they sold it to billionaire Tilman Fertitta for $116.6 million in 2012. In dismissing the case, the court held that the directors had shopped for the best possible price and the sale was approved by a board of disinterested directors.
5 minute read
November 07, 2012 |

Delaware Courts Continue Work in Wake of Hurricane Sandy

Delaware's state court system worked hard last week to minimize the impact of Hurricane Sandy, despite high winds and heavy rains. The Supreme Court issued an opinion during the storm, the Chancery Court allowed out-of-state attorneys whose flights were canceled to appear by phone and the Justice of the Peace Court remained open.
5 minute read
July 09, 2008 |

Chancery Fight Shaping Up Between Anheuser-Busch, Some Investors

A fight is brewing in the Court of Chancery between Anheuser-Busch Cos. Inc. and certain of it shareholders regarding its rejection of a bid from Belgian beer giant InBev NV/SA.
5 minute read
June 12, 2006 |

Appeal Rejected in Abortion Support Case

A Delaware teacher sued a Catholic School after she was fired for expressing her pro-choice views, but the Third Circuit says her speech wasn't protected under Title VII.
5 minute read
January 22, 2013 |

The Bankruptcy Files: Hunton in for Atari, as Other Am Law Firms Get Boost from Overseas Assignments

Hunton & Williams is advising Atari Interactive in its bankruptcy filing in New York, as the iconic video game maker seeks to separate from its French parent in Paris. Other firms landing roles on notable overseas restructuring proceedings include Morrison & Foerster and SNR Denton.
6 minute read
July 01, 2011 |

Dodgers, in Delaware Bankruptcy, Tap Hedge Fund for Loan

The Los Angeles Dodgers received permission from a bankruptcy court judge in Delaware on Tuesday to access $150 million in debtor-in-possession financing provided by JPMorgan Chase hedge fund affiliate Highbridge Principal Strategies, after having filed for bankruptcy Monday in Delaware.
5 minute read
December 12, 2012 |

Chancery Court Applies Laws of Three Nations to Resolve Motion to Dismiss

The Delaware Court of Chancery applied Dutch, English, Italian and Delaware corporate law in dismissing three counts against a joint venture between two of the world's largest electronic companies. Although the court dismissed some of the charges, alleged by an Italian businessman who loaned money to the venture, three counts will remain.
6 minute read
April 30, 2012 |

Bankruptcy cools off

Fewer businesses filed for bankruptcy protection during 2011 than they did the year before, reflecting a shift toward out-of-court restructurings using high-yield debt financing. Naturally, there were repercussions for the legal profession.
8 minute read
December 19, 2012 |

Chancery Orders Software Manufacturer to Provide Partner With 'Commercially Effective' Software

The Delaware Court of Chancery has ruled that a company that sells software enabling businesses to back up their data has violated a previous order issued by the court by failing to provide a rival with "commercially effective" software as stipulated in a licensing agreement between the two parties.
6 minute read

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