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Avenarius v. Eaton Corp., DeFAX Case No. D65226 (D.Del. Oct. 16, 2012) Robinson, J. (19 pages).
Avenarius v. Eaton Corp., DeFAX Case No. D65226 (D.Del. Oct. 16, 2012) Robinson, J. (19 pages).Tower Records Replays Bankruptcy Filing
Tower Records filed for Chapter 11 on Sunday in Delaware and intends to auction the company. Those planning to bid are not hoping to save the company, but are "bone pickers" who are looking to buy and sell, an industry source said. This is Tower's second stint in Chapter 11 in the last two years. Former CEO Allen Rodriguez, who saw Tower through its first bankruptcy, was recently asked to leave before his contract ended. "Time has marched on, and Tower hasn't kept with the beat," the source noted.Circon Shareholder Settlement Including $800,000 in Legal Fees Approved
Circon Corp., a medical device maker, won approval for a settlement of lawsuits brought by shareholders who claimed company executives looked out for their own best interests in fighting off a $235 million takeover bid by U.S. Surgical Corp. In the settlement, Circon agreed to open itself up for bidders after fending off U.S. Surgical and pay $800,000 in legal fees shareholders racked up in suits against the company.Your Personal Marketing Plan: A Checklist for Success
For some attorneys, developing a personal marketing plan can feel like an exercise in futility. Often it is something that is done to appease firm management and written without a lot of thought and energy. Inevitably these plans are tossed aside, only to be consulted when next year's plan is due.SFX Entertainment Clears the Dockets
New York's SFX Entertainment is ready to rock and roll on a settlement of nearly a dozen lawsuits filed in Delaware Chancery Court. Shareholders contended they figuratively got pushed to the back of the auditorium in a $4 billion buyout of the concert promoter by Clear Channel Communications Inc.Shipping Firms' Merger May Be Eyed Only for Fairness
The Delaware Supreme Court has affirmed the Court of Chancery's dismissal of a unitholder lawsuit alleging that a general partner of K-Sea Transportation Partners LP received excess consideration for its units when the shipping company's conflicts committee approved a $332 million merger with Kirby Corp. K-Sea's general partner obtained a fairness opinion reviewing the entire merger, which, under the limited partnership agreement, fulfilled its obligation to act in good faith, the high court ruled.Sirius Shareholders Waited Too Long to Sue Board Over Deal
The Delaware Court of Chancery has dismissed a derivative lawsuit alleging that Sirius XM Radio Inc.'s board breached its fiduciary duties in 2009 when it agreed to provide Liberty Media Corp. with an opportunity to acquire the satellite radio provider in exchange for a $530 million loan to keep the company out of bankruptcy.Delaware Supreme Court Denies Attorney Fees Where Firm Worked for Free
The Delaware Supreme Court has reversed the Court of Chancery's decision to award $3 million in attorney fees to plaintiffs counsel in a dispute between a commercial real estate investment fund and a property management company, holding there can be no reimbursement of attorney fees to a plaintiff that incurred no expenses because its lawyers had declined to charge a fee in order to avoid any potential malpractice claim.Activision Appeal to Focus on Chancery's Authority to Issue TRO
Does the Delaware Court of Chancery have the authority to issue a temporary restraining order if the plaintiff does not ask for one? The Delaware Supreme Court will wrestle with that issue Thursday when it hears arguments on whether the Chancery Court exceeded its authority when it enjoined Activision Blizzard Inc.'s $8.2 billion purchase of the majority of its shares held by Vivendi, a French conglomerate that owns Activision.Trending Stories
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