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Attorneys Note Shift in Corporate Law Culture As More Women Than Ever Guide Court of Chancery
Chancellor Kathaleen McCormick and Vice Chancellors Lori Will and Morgan Zurn are three of just five women to ever have sat on the powerful Court of Chancery.Allegedly defamatory statements constituted nonactionable opinion where the statements constituted subjective opinion and hyperbole, and the maker of the statement disclosed nondefamatory facts underlying the opinion that would allow recipients of the statement to evaluate the validity of the opinion for themselves.
Minority shareholders in LLC failed to state a claim for inadequate disclosures where LLC control group was not obligated to provide, as part of a capital call for the LLC, a prediction of the likelihood of a sale of the company by a certain date.
Deal Watch: Zoom Makes $14.7B Acquisition; Other Big Deals on Radar Include 2 in Connecticut
Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.A company adequately alleged claims for unjust enrichment and breach of fiduciary duty against former di-rectors who obtained a derivative award in favor of the company, but then failed to turn over the funds.
Chancery court erred in ruling that stock sale to break shareholder deadlock and avoid shareholder's action for appointment of a custodian for the company was permissible if the stock was sold at a fair price, as the company and its board and other shareholder were obligated to demonstrate a compelling justification for conducting the sale.
Plaintiff stated claims for breach of an operating agreement, aiding and abetting, and breach of fiduciary duty, but the court rejected his fraud claims.
Deal Watch: Zoom Makes $14.7B Acquisition, 8 More Billion-Dollar Deals
Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.Billion-Dollar Deal Watch: Zoom Makes $14.7B Acquisition, Plus 8 More Mega Deals
Zoom's buy of Five9 was by far the largest deal of the week, but certainly not the only big-ticket item to hit the market.Breach of earnout payment contractual provision counterclaim was dismissed where contract required arbitration of disputes over calculation and payment, which claims of diversion of funds to avoid triggering payment obligations fell under.
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