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November 14, 2012 |

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).
4 minute read
August 23, 2006 |

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.
5 minute read
November 10, 1999 |

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.
2 minute read
October 19, 2010 |

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.
6 minute read
May 02, 2007 |

PEOPLE IN THE NEWS

Elected and Appointed The Jewish Council for Public Affairs has announced the election of David Gutin to the JPCA board of directors. Cutin, a partner at Astor Weiss Kaplan & Mandel in Philadelphia and New Jersey, also chairs the Jewish Federation's Community Relations Council.
2 minute read
August 16, 2000 |

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.
3 minute read
June 05, 2013 |

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.
4 minute read
October 02, 2013 |

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.
4 minute read
May 15, 2013 |

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.
5 minute read
October 09, 2013 |

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.
5 minute read

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