0 results for 'Morris Nichols Arsht Tunnell LLP'
MMM works on deal to create new W
MORRIS, MANNING MARTIN partners G. Brian Butler and Thomas S. Gryboski advised Noble Investment Group LLC on its role in buying the Sheraton Colony Square hotel.Noble teamed with AEW Capital Management LP, a Boston real-estate investment house, to buy the property for $48.5 million from Starwood Hotels Resorts Worldwide Inc.In Rare Move, Debevoise Sues Client Over $6 Million in Unpaid Bills
After years of wrangling over more than $6 million in unpaid legal fees, Debevoise & Plimpton has taken a timber company to court over its refusal to pay the bill. Debevoise sued Candlewood Timber Group last month after its former client failed to pay its multimillion-dollar tab. Candlewood said Debevoise does not deserve the "exorbitant" $6 million sum, claiming the law firm overstaffed the matter with associates of "no apparent skill" and was replaced by another firm for trial.Chancery Court Dismisses Case Because of Limited Jurisdiction Over LLPs
A lawsuit between two investors over the ownership of a Ukrainian television network was dismissed because, under Delaware's Limited Liability Company Act, the state's Court of Chancery does not have personal jurisdiction over limited liability partnerships that do not conduct any transactions within the state.Federal Judge Denies Comcast's Dismissal Motion in Patent Suit
A federal judge has refused to dismiss a patent lawsuit filed against Comcast Corp., ruling that the defendants did not provide enough evidence to prove that one of Comcast's subsidiaries is no longer an active Delaware corporation.Parsons Approves Amgen's $1.16 Bil. Acquisition of Micromet
The Delaware Court of Chancery has ruled that a biopharmaceutical company's board of directors did not breach their fiduciary duties when they agreed to be acquired by Amgen Inc. for $1.16 billion.Each Side Bloodied in Court Battle of eBay, Craigslist
The Court of Chancery entered its post-trial opinion in the closely watched battle between eBay and Craigslist earlier this month, and while neither side can claim victory, the ruling means minority shareholder eBay will no longer be able to seat a director on the Craigslist board.
Internal Revenue Code Cannot Trump DGCL, Federal Court Rules
A federal judge has blocked a $36 million derivative suit filed against Viacom Inc. and its 11 board members alleging that the board breached their fiduciary duty by blocking Class B shareholders from approving an executive compensation plan, which permitted the company's top three executives to receive tax-deductible compensation. Although the plaintiff claimed that the compensation plan violated a section of the Internal Revenue Code because only certain shareholders voted, the court held that the IRC cannot trump the Delaware General Corporation Law, which permits the creation of nonvoting stock.TRENDING STORIES
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