0 results for 'Potter Anderson & Corroon'
Court sustained objection to request for advancement of two categories of fees where plaintiff failed to seek advancement of those fees in her original complaint and could not raise them in a subsequent motion for payment.
Shareholders May Challenge Corporate Conversion From Delaware on Fairness Grounds
Vice Chancellor J. Travis Laster said the doctrine of entire fairness applies and TripAdvisor shareholders have adequately pleaded a claim that a conversion would affect the value of their investments.Although plaintiffs' experts' report in support of their damages theory for class certification used sufficiently reliable methodologies under the Daubert standard, the evidence was wholly speculative to demonstrate economic loss or proximate causation, such that plaintiffs could not meet the commonality or predominance standards.
Plaintiff failed to plead demand futility due to the lack of directors' personal liability for oversight and corporate waste claims, as the failure to implement a formal policy governing executives' personal use of corporate aircraft did not, by itself, amount to bad faith, and any financial loss from personal use constituted a fraction of a percentage of the company's expenses and profits.
Buyers in corporate acquisition adequately pled fraud claims where acquisition agreement expressly stated that seller had not changed its accounting practices even though seller's owners expressly accelerated the collection of accounts receivable, which made attached financials inaccurate.
View more book results for the query "Potter Anderson & Corroon"
Court declined to grant summary judgment for defendants where the parties' joint expert persuasively opined that plaintiffs' complaint qualified as a protective action under relevant Ecuadoran law, making plaintiffs' claims not time-barred under the Delaware borrowing statute.
Potter Anderson Associate Elected to Delaware Real Estate Women Board of Directors
Potter Anderson & Corroon associate Jamie Judefind has been elected to the board of directors of Delaware Real Estate Women (DREW).Court struck pleadings based on confidential corporate information where information was supplied by director nominated by stockholder although the stockholder did not have a contractual right to designate the director and the director did not serve as the stockholder's fiduciary on the board.
Litigation, IP Headlined Big Law Poaching by Midsize Firms in 2023
Rate flexibility and client conflicts drove Big Law attorneys to smaller firms in 2023, leading to gains for Munsch Hardt Kopf & Harr in Texas, Stoel Rives in Oregon and Potter Anderson & Corroon in Delaware.Chancery Clarifies Company Directors' Rights to Privileged Company Information
Vice Chancellor Paul Fioravanti, Jr. concluded that plaintiffs wrongly included confidential and privileged information on life sciences company Illumina in their complaint against individual defendants related to the company, but "as a general rule, directors are entitled to privileged communications delivered to the corporation or the board."Trending Stories
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