Delaware Business Court Insider | Commentary
By Jonathan G. Strauss and Shannon S. Frazier | May 9, 2018
On April 6, the Delaware Corporation Law Section of the Delaware Bar Association proposed some major and minor amendments to the Delaware Limited Liability Company Act. If introduced in and approved by the Delaware General Assembly and the governor, one of the most significant changes will involve the provisions of the act dealing with series LLCs.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | May 2, 2018
Parties who form Delaware limited liability companies to organize their business affairs do so to structure their relationships contractually. This enables them to organize the governance and economic rights in a manner tailored to the enterprise they are establishing.
Delaware Business Court Insider | News
By Tom McParland | April 25, 2018
A Delaware Court of Chancery judge has removed a hurdle for two former executives of Louis Dreyfus Highbridge Energy to pursue potentially millions of dollars in damages stemming from the firm's $1.9 billion sale of its energy storage and processing plants in 2011.
Delaware Business Court Insider | Commentary
By K. Tyler O'Connell | April 25, 2018
In Feuer v. Redstone, the Delaware Court of Chancery considered a motion to dismiss derivative claims challenging compensation CBS Corp. paid to nonagenarian Sumner Redstone after he allegedly became physically and mentally incapacitated and ceased rendering meaningful services.
Delaware Business Court Insider | Commentary
By James L. Hallowell and Lee R. Crain | April 18, 2018
Does a nonresident officer's prior service to a Delaware corporation allow the Delaware courts to compel her to appear to testify at trial as a third-party witness?
Delaware Business Court Insider | News
By Tom McParland | April 17, 2018
A vice chancellor of the Delaware Court of Chancery on Monday refused Energy Transfer Equity's bid for a second chance at claiming a nearly $1.5 billion break-up fee stemming from the pipeline company's failed merger with The Williams Cos. Inc.
Delaware Business Court Insider | News
By Tom McParland | April 11, 2018
Former investors in the movie theater chain Regal Entertainment Group on Tuesday filed a petition in the Delaware Court of Chancery seeking appraisal of their shares in connection with the movie theater chain's $3.6 billion merger with U.K.-based Cineworld Group.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | April 4, 2018
In Meyers v. Quiz-Dia, Vice Chancellor J. Travis Laster addressed the question of whether a party that paid the legal fees and expenses of persons entitled to indemnification could be subrogated to their rights to recover losses incurred in defending against claims filed against them.
Delaware Business Court Insider | News
By Tom McParland | March 30, 2018
The lawsuit is the fourth this month to target the planned merger.
Delaware Business Court Insider | News
By Tom McParland | March 29, 2018
The Delaware Court of Chancery on Wednesday allowed an investor lawsuit against Elon Musk and Tesla Motors Inc. to proceed, finding there is reason to believe Musk controlled the Tesla board when the company paid $2.6 billion to acquire a debt-saddled firm that he helped to found.
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