Attorneys practicing in Delaware courts may not all be working until midnight, but that’s when the courts consider a business day to end, Vice Chancellor Morgan Zurn ruled in an case of first impression Wednesday.
Zurn ruled that a stockholder complaint was premature because it wasn’t filed after the close of a five-day waiting period. Since the court papers were filed at 5:03 p.m., Zurn found the plaintiffs were six hours and 57 minutes early. In her ruling Zurn dismissed the complaint.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]