Delaware Business Court Insider | Commentary
By Nathaniel J. Stuhlmiller | August 16, 2023
In Building Trades Pension Fund of Western Pennsylvania v. Desktop Metal, a stockholder plaintiff brought derivative claims against Desktop Metal, Inc., alleging that a provision of the company's rights plan, which was adopted in connection with a proposed merger transaction, impermissibly chilled the free exercise of stockholder voting with respect to the merger agreement at an upcoming stockholder meeting.
Litigation Daily | Expert Opinion
By David Perez, Aaron Ver and Jake Dean | August 15, 2023
David Perez, Aaron Ver and Jake Dean of Perkins Coie write that when it comes to establishing or piercing the corporate veil, it's best to be a storyteller rather than a box-checker.
Delaware Business Court Insider | News
By Ellen Bardash | August 11, 2023
The decision clears the way for an $875 million deal between financial services companies BGC Partners Inc. and Cantor Fitzgerald to move forward.
Delaware Business Court Insider
By Elizabeth S. Fenton | August 9, 2023
Delaware has a tool, and it remains underutilized: the Delaware Rapid Arbitration Act. The DRAA provides a structure for quick, streamlined and confidential arbitration.
Delaware Business Court Insider | News
By Ellen Bardash | August 3, 2023
While any shift in how much say corporations need to give shareholders is likely to catch litigators' eye, corporate attorneys say this year's changes affect processes in-house and are not likely to spill over into the courts much, at least not directly.
Delaware Business Court Insider | Commentary
By Molly DiBianca | July 26, 2023
The right of a shareholder to demand to inspect a company's books and records may be an important tool but it is not without limits. In a recent decision involving The Walt Disney Co. (Disney), the Delaware Court of Chancery reminded one litigant that disagreement over business decisions, including decisions about a company's position on social issues, is not a proper basis for a shareholder action under Section 220.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | July 19, 2023
In New Enterprise Associates 14. v. Rich, the Delaware Court of Chancery ruled that a covenant not to sue for breach of fiduciary duties in connection with the exercise of a drag-along provision to approve a merger or sale contained in a voting agreement among sophisticated stockholders in a Delaware general corporation was not facially invalid.
Delaware Business Court Insider | Commentary
By Kaan Ekiner and Mark E. Felger | July 5, 2023
In this stockholder derivative action, the plaintiff claimed that the defendants—members of Tesla's board of directors—breached their fiduciary duties by awarding themselves excessive and unfair compensation between 2017 and 2020.
Delaware Business Court Insider | News
By Michael Riccardi | July 3, 2023
The litigation was said to have resulted in one of the largest shareholder verdicts in Delaware history.
The Legal Intelligencer | Commentary
By Alexis Leventhal, Richard Tannenbaum and Victoria Smith | June 29, 2023
Article 9 of the Uniform Commercial Code (UCC) governs secured transactions, and Part 6 of this article governs the rights and duties of the parties in the event of default. In the event of default by a debtor, a secured party may repossess the collateral and dispose of it through a sale, lease, license, or other form of disposition.
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