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April 20, 2016 | Delaware Business Court Insider

Montgomery-Reeves Dismisses TripAdvisor Derivative Suit

In her first published opinion on the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves blocked an attempt by a TripAdvisor stockholder to hold the travel advisory company liable for bad faith in granting a director restricted stock units upon his departure from the board.
7 minute read
April 15, 2016 | Texas Lawyer

Judge Recuses Himself in Case to Block $34.6B Halliburton-Baker Hughes Merger

U.S. District Judge Richard G. Andrews, who was presiding over the case in which the U.S. Department of Justice is seeking to block Halliburton Co.'s proposed $34.6 billion merger with Baker Hughes Inc., recently recused himself on the grounds that he has a "financial interest in Schlumberger."
14 minute read
April 13, 2016 | Delaware Business Court Insider

Cisco Patent Case Heads Toward Trial

Cisco Systems will have to defend against a patent infringement lawsuit after a Delaware federal judge on Monday denied the California-based technology company's summary judgment motions for invalidity and non-infringement.
9 minute read
March 31, 2016 | Texas Lawyer

New Gulf, Energy & Exploration Partners Reach Truce Over Joint Drilling Agreements

Despite a litigious history between them, New Gulf Resources and Energy & Exploration Partners LLC recently worked out a settlement agreement pertaining to their joint operating agreements related to oil exploration and production operations in East Texas and then filed the agreement in their respective Chapter 11 bankruptcies seeking court approval.
7 minute read
March 23, 2016 | Delaware Law Weekly

Three Morris Nichols Lawyers Sworn In to Delaware Bar

Three Morris, Nichols, Arsht & Tunnell attorneys were sworn in to the Delaware bar.
2 minute read
March 19, 2016 | The American Lawyer

Deal Watch: Seven Firms Gorge on $13 Billion Pipeline Union

Sullivan & Cromwell, Skadden, Mayer Brown, Crowell & Moring and a trio of leading Canadian firms are advising on TransCanada Corp.'s proposed $13 billion acquisition of Columbia Pipeline Group Inc.
53 minute read
September 23, 2015 | Delaware Business Court Insider

Chancery Hints Approvals of Noncash Class Accords Won't Be as Easy

In describing the benefits of a class action settlement in a shareholders' merger challenge as akin to the size of a peppercorn but the rights bargained away only equal to a mustard seed, Vice Chancellor Sam Glasscock III approved the noncash settlement over the sole objection of a law professor.
6 minute read
September 23, 2015 | Delaware Business Court Insider

Chancery Hints Approvals of Noncash Class Accords Won't Be as Easy

In describing the benefits of a class action settlement in a shareholders' merger challenge as akin to the size of a peppercorn but the rights bargained away only equal to a mustard seed, Vice Chancellor Sam Glasscock III approved the noncash settlement over the sole objection of a law professor.
6 minute read
December 17, 2014 | Delaware Business Court Insider

Influence, Not Ownership Stake, Determines Controlling Stockholder

A stockholder who held 17.3 percent of a Chinese pork producer's outstanding stock can still be viewed as a controlling stockholder because he possessed "both latent and active control" over the company, the Delaware Court of Chancery has ruled.
4 minute read
November 19, 2014 | Delaware Business Court Insider

Parent Company Can Tortiously Interfere With Subsidiary's Contracts

A parent company can be liable for tortiously interfering with the performance of a wholly owned subsidiary, the Delaware Court of Chancery has ruled. As a result, the court ordered a real estate company and its subsidiary to jointly pay $6 million in damages to real estate developers after ruling the parent forced the subsidiary to breach its implied obligations.
4 minute read

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