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Delaware Chancery Court Warns Corporations About Debt Agreements That Violate Stockholders' Rights
A recent Delaware Court of Chancery decision instructing Delaware corporations not to ink debt agreements that violate stockholders' rights to nominate new directors is likely to generate attorney scrutiny of corporate debt agreements. The decision, which is on appeal at the Delaware Supreme Court, dismissed a claim that the directors breached their duty of care partly because outside counsel created the indenture agreement, but warned that such provisions might be "unenforceable as against public policy."The Bankruptcy Files: Lehman Fees, State Bankruptcies, and Three New Filings
U.S. District Court Southern District of New York Judge Sweet Defendant Hoffman & Pollok, now known as Hoffman Pollok & Pickholz LLP ("HPP") has moved pursuant
Debt Holders Not Liable for Tortious Interference, Chancery Court Rules
Debt holders for a cable television provider did not tortiously interfere with the company's plan to sell assets to an industry rival because their actions were spurred by a desire to protect their investment, the state Supreme Court has ruled.K&L Gates Opens Wilmington Office With Potter Anderson Attorneys
Pittsburgh-based K&L Gates has entered the Delaware market with the opening of its newest office in Wilmington, tapping four former Potter Anderson & Corroon attorneys to establish the office, which will focus on alternative entities and transactions.State AI Legislation Is on the Move in 2024
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