2017 and Corporation - Investment Banking Today

EIB’s Corporate & Technical Assistance Procurement Guide

European Investment Bank

JANUARY 2, 2024

Note #1: The document remains the version adopted in July 2017 – Only the editorial note on §2.4.2 Note #2: The document remains the version adopted in July 2017 – the rev 1.1 Note #2: The document remains the version adopted in July 2017 – the rev 1.1 Note #3: The document remains the version adopted in July 2017 (rev.

Corporation

Corporation Advisory Accountant Management

The Market for Corporate Criminals

The Harvard Law School Forum

SEPTEMBER 29, 2022

There’s a problem at the intersection of M&A and corporate crime. As a result, this problem could represent social cost in that one of corporate law’s key mechanisms for addressing business deficiencies—the market for corporate control—might fail when the deficiency in question is a culture of lawbreaking.

Corporation

Corporation M&A Accountant Acquisitions

Independent Director: Roles, Qualification, and Corporate Governance

Peak Frameworks

AUGUST 24, 2023

Given their growing influence, understanding their purpose, qualifications, and challenges can offer insight into the operational mechanisms of major corporations. Definition and Concept of an Independent Director This independence allows them to provide an unbiased perspective, making them an essential component of good corporate governance.

Government

Government Corporation Financial Statement Corporate Finance

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

JD Supra: Mergers

JUNE 2, 2023

In re Oracle Corporation Derivative Litigation, No. 2017-0337-SG (Del. May 12, By: Shearman & Sterling LLP

Corporation

Corporation Acquisitions

Delaware Chancery Court Highlights Tension Between Freedom of Contract and Corporate Fiduciary Duties

Cleary M&A and Corporate Governance Watch

MAY 12, 2023

In a recent decision, the Delaware Court of Chancery grappled with the question whether—and to what extent—claims for breach of fiduciary duty can be waived ex ante in a corporate shareholder agreement. Specifically, in New Enterprise Associates 14 LP v. in the case of fraud). [3] This view is not entirely accurate.

Corporation

Corporation Investors Negotiation M&A

Centre to soon notify rules for setting up GST appellate tribunals

Business Standard - FInance

JULY 3, 2023

Central Board of Indirect Taxes and Customs (CBIC) member (GST) Shashank Priya said the department is working to expand the taxpayer base and doing data triangulation with the corporate taxpayers in income tax regime. As per data, currently, only 40 per cent of the corporate income taxpayer base is also registered under GST.

Corporation

Corporation Business

Upcoming Event: Second Annual Symposium on Corporate Law at UC Berkeley

Cooley M&A

SEPTEMBER 12, 2017

This two-day, multi-panel event will explore the development of corporate law, the evolving relationships between corporate stakeholders, M&A and what corporate lawmaking may look like in the future. October 26 – 27, 2017. Fairmont Hotel, San Francisco. More information.

Corporation

Corporation M&A

Massachusetts Supreme Court Affirms Dismissal Of Shareholder Class Action And Clarifies That Directors Generally Owe Fiduciary Duties To The Corporation, And Not Its Shareholders

Shearman & Sterling

MARCH 14, 2017

On March 6, 2017, in a decision authored by Justice Margot Botsford, the Massachusetts Supreme Judicial Court affirmed the dismissal of an action for breach of fiduciary duty brought by former shareholders of EMC Corporation against its directors in connection with its merger with Dell Inc., 129 Benefit Fund v. Tucci, SJC-12137 (Mass.

Corporation

Corporation IT Funds Mergers

GST officers bust 304 syndicates involving Rs 25k cr fake ITC claims

Business Standard - FInance

JULY 1, 2023

The chief of the Central Board of Indirect Taxes and Customs (CBIC) flagged that only 40 per cent of the corporate income taxpayer base is registered under Goods and Services Tax (GST). lakh businesses are registered under GST, launched 6 years ago on July 1, 2017. Currently, 1.39

Business

Business Corporation

Delaware Chancery Court Finds Limited Liability Companies Can Be Liable For Advancement To Members, Even Under Delaware Corporate Law

Shearman & Sterling

MAY 7, 2019

On April 30, 2019, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery held that plaintiff Freeman Family LLC ("Freeman"), a member of Park Avenue Landing LLC (the "Company"), is entitled to advancement pursuant to Delaware corporate case law. Freeman Family LLC v. Park Avenue Landing LLC, No.

Corporation

Corporation Management IT

Delaware Chancery Court Holds That Corporations Cannot Enact Bylaws To Circumvent Simple Majority Vote Requirement For Shareholder Removal Of Directors

Shearman & Sterling

JANUARY 30, 2017

On January 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery granted summary judgment in favor of plaintiff, a shareholder of Nutrisystem, Inc., On January 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery granted summary judgment in favor of plaintiff, a shareholder of Nutrisystem, Inc.,

Corporation

Corporation Shares IT

CCA Promotes Tim Brasel to Managing Director

Chesapeake Corporate Advisors

MAY 6, 2024

Baltimore, MD, May 7, 2024 – Chesapeake Corporate Advisors (CCA), a boutique investment banking and corporate advisory firm in the Mid-Atlantic region, announced that Timothy Brasel has been named a Managing Director in the firm’s investment banking group. Tim holds a B.S. from the Robert H.

Management

Management Investment Banking Middle Market Boutique

After Derivative Litigation Judgment For Defendants, Delaware Court Of Chancery Denies Application For "Mootness" Fee For Purportedly Prompting Appointment Of Independent Directors Who Served On Special Litigation Committee

Shearman & Sterling

FEBRUARY 21, 2024

In re Oracle Corporation Derivative Litigation, C.A. 2017-0337-SG (Del. " Accordingly, plaintiffs were not entitled to a fee under the corporate benefit doctrine. Plaintiffs had alleged that the founder and CEO caused the Company to overpay for the target and asserted claims for breaches of fiduciary duty seeking damages.

Corporation

Corporation Acquisitions IT

After Derivative Litigation Judgment For Defendants, Delaware Court Of Chancery Denies Application For "Mootness" Fee For Purportedly Prompting Appointment Of Independent Directors Who Served On Special Litigation Committee

Shearman & Sterling

FEBRUARY 20, 2024

In re Oracle Corporation Derivative Litigation, C.A. 2017-0337-SG (Del. " Accordingly, plaintiffs were not entitled to a fee under the corporate benefit doctrine. Plaintiffs had alleged that the founder and CEO caused the Company to overpay for the target and asserted claims for breaches of fiduciary duty seeking damages.

Corporation

Corporation Acquisitions IT

Delaware Chancery Court Issues Opinion Offering Rare Interpretation Of Stock Transfer Restriction Provision, Delaware General Corporation Law Section 202

Shearman & Sterling

JULY 18, 2017

On July 10, 2017, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery found plaintiff was not bound by stock transfer restrictions under which the company had sought to revoke his ownership and was therefore entitled to inspect the books and records of a company in which he held stock. Phixios Holdings, Inc.,

Stock

Stock Corporation Government Securities

Massachusetts Supreme Court Affirms Dismissal Of Shareholder Class Action And Clarifies That Directors Generally Owe Fiduciary Duties To The Corporation, And Not Its Shareholders

Shearman & Sterling

MARCH 14, 2017

On March 6, 2017, in a decision authored by Justice Margot Botsford, the Massachusetts Supreme Judicial Court affirmed the dismissal of an action for breach of fiduciary duty brought by former shareholders of EMC Corporation against its directors in connection with its merger with Dell Inc., 129 Benefit Fund v. Tucci, SJC-12137 (Mass.

Corporation

Corporation IT Funds Mergers

Two Cautionary Tales: Fee Shifting Imposed for Litigating Books-and-Records Inspection Demands

Sidley Shareholder Litigation

NOVEMBER 1, 2023

2017), and McGowan v. Two recent fee-shifting decisions issued by Vice Chancellor Zurn provide a cautionary reminder of those limits, which were previously set out by the Court of Chancery in opinions such as Pettry v. Gilead Scis. 2020), Marilyn Abrams Living Trust v. Empress Entm’t (2000).

Corporation

Corporation Negotiation IT

Delaware Chancery Court Finds Limited Liability Companies Can Be Liable For Advancement To Members, Even Under Delaware Corporate Law

Shearman & Sterling

MAY 7, 2019

On April 30, 2019, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery held that plaintiff Freeman Family LLC ("Freeman"), a member of Park Avenue Landing LLC (the "Company"), is entitled to advancement pursuant to Delaware corporate case law. Freeman Family LLC v. Park Avenue Landing LLC, No.

Corporation

Corporation Management IT

Delaware Chancery Court Holds That Corporations Cannot Enact Bylaws To Circumvent Simple Majority Vote Requirement For Shareholder Removal Of Directors

Shearman & Sterling

JANUARY 30, 2017

On January 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery granted summary judgment in favor of plaintiff, a shareholder of Nutrisystem, Inc., On January 24, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery granted summary judgment in favor of plaintiff, a shareholder of Nutrisystem, Inc.,

Corporation

Corporation Shares IT

Delaware Chancery Court Issues Opinion Offering Rare Interpretation Of Stock Transfer Restriction Provision, Delaware General Corporation Law Section 202

Shearman & Sterling

JULY 18, 2017

On July 10, 2017, Vice Chancellor Tamika Montgomery-Reeves of the Delaware Court of Chancery found plaintiff was not bound by stock transfer restrictions under which the company had sought to revoke his ownership and was therefore entitled to inspect the books and records of a company in which he held stock. Phixios Holdings, Inc.,

Stock

Stock Corporation Government Securities

Delaware Court Of Chancery Rejects Books-And-Records Demand Driven By Entrepreneurial Counsel

Shearman & Sterling

NOVEMBER 21, 2017

On November 13, 2017, Vice Chancellor J. the "Company") under Delaware General Corporation Law Section 220. 2017-0138-VCL (Del. Travis Laster of the Delaware Court of Chancery rejected a stockholder's demand to inspect books and records of A. Shulman, Inc. Wilkinson v. A Schulman, Inc.,

Corporation

Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

Shearman & Sterling

MAY 17, 2022

McCormick of the Delaware Court of Chancery dismissed certain stockholder derivative claims for breaches of fiduciary duty brought against the founder-CEO and other directors of Flashpoint Technology, Incorporated (the "Corporation"). 2017-0732-KSJM (Del. SDF Funding LLC v.

Shares

Shares Corporation Funds Acquisitions

BlackRock enters next phase of platform integration with Tradeweb

The TRADE

DECEMBER 12, 2023

Since its launch in 2017, Tradeweb AllTrade’s institutional all-to-all trading now represents 228% of RFQ electronic volume. “Our goal is to facilitate end-to-end credit workflow and allow clients to tap varied sources of liquidity,” said Elisabeth Kirby, managing director, head of market structure at Tradeweb.

Trading

Trading Electronics Retail Management

Delaware Court Of Chancery Approves $3 Million In Attorneys' Fees For Successful Challenge To Forum-Selection Charter Provisions

Shearman & Sterling

JULY 23, 2019

2017-0931-JTL (Del. As we discussed in a prior post, Vice Chancellor Laster had previously granted summary judgment to a shareholder challenging the validity of forum-selection charter provisions adopted by three corporations requiring shareholders to litigate claims under the Securities Act of 1933 in federal courts. Salzberg, C.A.

Corporation

Corporation Securities

Former CEO Granted Right To Inspect Books And Records Of Company After Demonstrating At Trial A "Credible Basis" To Infer Potential Wrongdoing By Board Chairman

Shearman & Sterling

APRIL 25, 2017

On April 17, 2017, Chancellor Andre G. Bouchard of the Delaware Court of Chancery ruled, in a post-trial decision, that defendant Cypress Semiconductor Corporation ("Cypress") must allow plaintiff and former Cypress CEO, T.J. § 220. Cypress Semiconductor Corp., 0070-AGB (Del.

Corporation

Delaware Court Of Chancery Imposes Incorporation-By-Reference Condition On Section 220 Production, Consistent With Other Recent Decisions

Shearman & Sterling

OCTOBER 17, 2017

On October 12, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery agreed to impose an "incorporation-by-reference" condition on any production by Universal Health Services, Inc. ("UHS") in response to a books-and-records demand under Delaware General Corporation Law Section 220. 2017-0322-SG (Del.

Corporation

Party planning platform Punchbowl’s owner is acquiring Timehop

TechCrunch: M&A

JUNE 13, 2023

The online party planning platform Punchbowl is rebranding to create a parent organization called Sincere Corporation. In 2017, CEO and founder Jon Wegener left the company to work for Snap. Additionally, it is also acquiring the personal memory capsule app Timehop — and yes, it still exists.

IT

IT Acquisitions Funds Corporation

“A Bad Bull”: Chancery Court Rejects Plaintiffs’ Fee Application in Oracle Derivative Litigation

Sidley Shareholder Litigation

FEBRUARY 14, 2024

2017-0337-SG was denied by Vice Chancellor Glasscock, who noted that “not even great counsel can wring significant stockholder value from litigation over an essentially loyal and careful sales process.” Plaintiffs’ bid for a US$5 million mootness fee in In re Oracle Corp. Derivative Litigation , C.A.

Sale

Sale M&A Corporation

Delaware Chancery Court Holds That Former Stockholder Lacks Standing To Bring Section 220 Action For Inspection Of Books And Records

Shearman & Sterling

MARCH 7, 2017

On February 27, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed for lack of standing a lawsuit for inspection of corporate books and records brought by a former stockholder squeezed out in a two-step merger. 12931-VCG, 2017 WL 752179 (Del. Weingarten v. Monster Worldwide Inc.,

Corporation

Corporation Mergers Shares

Delaware Court Of Chancery Rejects Books-And-Records Demand Driven By Entrepreneurial Counsel

Shearman & Sterling

NOVEMBER 21, 2017

On November 13, 2017, Vice Chancellor J. the "Company") under Delaware General Corporation Law Section 220. 2017-0138-VCL (Del. Travis Laster of the Delaware Court of Chancery rejected a stockholder's demand to inspect books and records of A. Shulman, Inc. Wilkinson v. A Schulman, Inc.,

Corporation

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

Shearman & Sterling

JUNE 1, 2023

In re Oracle Corporation Derivative Litigation, No. 2017-0337-SG (Del. May 12, 2023). Defendant owned approximately 28% of the Company and 40% of the Target.

Corporation

Corporation Acquisitions Business IT

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

Shearman & Sterling

JUNE 1, 2023

In re Oracle Corporation Derivative Litigation, No. 2017-0337-SG (Del. May 12, 2023). Defendant owned approximately 28% of the Company and 40% of the Target.

Corporation

Corporation Acquisitions Business IT

Delaware Chancery Court Holds Garner Fiduciary Exception Does Not Justify Compelled Production Of Privileged Documents Relevant To A Derivative Litigation In Response To A Section 220 Demand Brought By The Same Plaintiffs

Shearman & Sterling

AUGUST 8, 2017

On July 27, 2017, Vice Chancellor Joseph R. 2017-0018-JRS (Del. July 27, 2017). The demand under Section 220 of the Delaware General Corporation Law, 8 Del. Genworth Fin.,

Corporation

Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

Shearman & Sterling

MAY 17, 2022

McCormick of the Delaware Court of Chancery dismissed certain stockholder derivative claims for breaches of fiduciary duty brought against the founder-CEO and other directors of Flashpoint Technology, Incorporated (the "Corporation"). 2017-0732-KSJM (Del. SDF Funding LLC v.

Shares

Shares Corporation Funds Acquisitions

Delaware Chancery Court Finds No Fiduciary Duty Breach, Notwithstanding Entire Fairness Review, And Determines Appraisal Value To Be Well Below Deal Price

Shearman & Sterling

JULY 25, 2017

On July 21, 2017, Vice Chancellor J. Sprint Corporation, et al. & Clearwire Corporation, C.A. July 21, 2017). per share, notwithstanding that the transaction closed at $5.00 per share, notwithstanding that the transaction closed at $5.00 ACP Master, Ltd., & ACP Master, Ltd., 8508-VCL, C.A. 9042-VCL (Del.

Discounted Cash Flow

Discounted Cash Flow DCF Corporation Mergers

Delaware Court Of Chancery Dismisses Derivative Action, Finding Demand Unexcused Because Plaintiff Did Not Plead Non-Exculpated Claims Against A Majority Of Directors

Shearman & Sterling

NOVEMBER 14, 2017

Lawal, C.A. 11963 (Del. Plaintiff alleged that the CEO—who together with an affiliated entity (Allied's parent company) controlled nearly 60% of Erin's shares—effectively stood on all sides of the challenged transactions and negotiated in his own self-interest.

Negotiation

Negotiation Corporation Shares Investment

Delaware Supreme Court Affirms Holding That Business Judgment Rule Applies When Informed Majority Of Stockholders Tenders Shares In A Two-Step Merger

Shearman & Sterling

FEBRUARY 14, 2017

On February 9, 2017, the Supreme Court of the State of Delaware affirmed the dismissal of a breach of fiduciary duty action brought by former shareholders of Volcano Corporation in connection with the acquisition of Volcano in a two-step all-cash tender offer and merger pursuant to Delaware General Corporation Law Section 251(h).

Mergers

Mergers Mergers and Acquisitions Shares Business

Delaware Court Of Chancery Approves $3 Million In Attorneys' Fees For Successful Challenge To Forum-Selection Charter Provisions

Shearman & Sterling

JULY 23, 2019

2017-0931-JTL (Del. As we discussed in a prior post, Vice Chancellor Laster had previously granted summary judgment to a shareholder challenging the validity of forum-selection charter provisions adopted by three corporations requiring shareholders to litigate claims under the Securities Act of 1933 in federal courts. Salzberg, C.A.

Corporation

Corporation Securities

Former CEO Granted Right To Inspect Books And Records Of Company After Demonstrating At Trial A "Credible Basis" To Infer Potential Wrongdoing By Board Chairman

Shearman & Sterling

APRIL 25, 2017

On April 17, 2017, Chancellor Andre G. Bouchard of the Delaware Court of Chancery ruled, in a post-trial decision, that defendant Cypress Semiconductor Corporation ("Cypress") must allow plaintiff and former Cypress CEO, T.J. § 220. Cypress Semiconductor Corp., 0070-AGB (Del.

Corporation

Delaware Chancery Court Dismisses Post-Closing Fiduciary Duty Claims, Finding The Complaint Failed To Plead Bad Faith

Shearman & Sterling

AUGUST 22, 2017

On August 17, 2017, Chancellor Andre G. Bouchard of the Delaware Court of Chancery dismissed a shareholder suit asserting breach of fiduciary duty claims against the directors of MeadWestvaco Corporation ("MW") in connection with MW's strategic stock-for-stock merger with Rock-Tenn Company ("RockTenn").

Mergers

Mergers Stock Corporation Investors

Delaware Chancery Dismisses Quasi-Appraisal Claim Challenging Short-Form Merger

Shearman & Sterling

JANUARY 9, 2017

On January 4, 2017, Vice Chancellor Tamika Montgomery-Reeves of the Court of Chancery of the State of Delaware dismissed a putative class action complaint against United Capital Corporation ("United Capital"), its board of directors, and A.F. In re United Capital Corp., Stockholders Lit., 11619-VCMR (Del.

Mergers

Mergers Capital Stock Corporation

Delaware Court Of Chancery Imposes Incorporation-By-Reference Condition On Section 220 Production, Consistent With Other Recent Decisions

Shearman & Sterling

OCTOBER 17, 2017

On October 12, 2017, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery agreed to impose an "incorporation-by-reference" condition on any production by Universal Health Services, Inc. ("UHS") in response to a books-and-records demand under Delaware General Corporation Law Section 220. 2017-0322-SG (Del.

Corporation

Delaware Court Of Chancery Denies Billion-Dollar Damages In Cigna-Anthem Row

Shearman & Sterling

SEPTEMBER 9, 2020

Travis Laster of the Delaware Court of Chancery ruled that neither Cigna Corporation ("Cigna") nor Anthem, Inc. ("Anthem") were entitled to the billions of dollars in damages and fees the parties sought in connection with a failed merger between the two companies (the "Merger"). 2017-0114-JTL (Del. 31, 2020).

Mergers

Mergers Corporation IT

Delaware Chancery Court Dismisses Post-Closing Challenge To Two-Step Merger Under Corwin Finding Tendering Stockholders Were Fully Informed

Shearman & Sterling

JULY 18, 2017

July 13, 2017). § 251(h). Berkman, C.A. 12844-VCMR (Del. Relying on Corwin v. KKR Financial Holdings LLC, 125 A.3d 3d 304 (Del. 2015) and In re Volcano Corp. Stockholder Litigation, 143 A.3d 3d 727 (Del.

Mergers

Mergers Mergers and Acquisitions Corporation Acquisitions

EIB’s Corporate & Technical Assistance Procurement Guide

The Market for Corporate Criminals

Trending Sources

Independent Director: Roles, Qualification, and Corporate Governance

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

Delaware Chancery Court Highlights Tension Between Freedom of Contract and Corporate Fiduciary Duties

Centre to soon notify rules for setting up GST appellate tribunals

Upcoming Event: Second Annual Symposium on Corporate Law at UC Berkeley

Massachusetts Supreme Court Affirms Dismissal Of Shareholder Class Action And Clarifies That Directors Generally Owe Fiduciary Duties To The Corporation, And Not Its Shareholders

GST officers bust 304 syndicates involving Rs 25k cr fake ITC claims

Delaware Chancery Court Finds Limited Liability Companies Can Be Liable For Advancement To Members, Even Under Delaware Corporate Law

Delaware Chancery Court Holds That Corporations Cannot Enact Bylaws To Circumvent Simple Majority Vote Requirement For Shareholder Removal Of Directors

CCA Promotes Tim Brasel to Managing Director

After Derivative Litigation Judgment For Defendants, Delaware Court Of Chancery Denies Application For "Mootness" Fee For Purportedly Prompting Appointment Of Independent Directors Who Served On Special Litigation Committee

After Derivative Litigation Judgment For Defendants, Delaware Court Of Chancery Denies Application For "Mootness" Fee For Purportedly Prompting Appointment Of Independent Directors Who Served On Special Litigation Committee

Delaware Chancery Court Issues Opinion Offering Rare Interpretation Of Stock Transfer Restriction Provision, Delaware General Corporation Law Section 202

Massachusetts Supreme Court Affirms Dismissal Of Shareholder Class Action And Clarifies That Directors Generally Owe Fiduciary Duties To The Corporation, And Not Its Shareholders

Two Cautionary Tales: Fee Shifting Imposed for Litigating Books-and-Records Inspection Demands

Delaware Chancery Court Finds Limited Liability Companies Can Be Liable For Advancement To Members, Even Under Delaware Corporate Law

Delaware Chancery Court Holds That Corporations Cannot Enact Bylaws To Circumvent Simple Majority Vote Requirement For Shareholder Removal Of Directors

Delaware Chancery Court Issues Opinion Offering Rare Interpretation Of Stock Transfer Restriction Provision, Delaware General Corporation Law Section 202

Delaware Court Of Chancery Rejects Books-And-Records Demand Driven By Entrepreneurial Counsel

Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

BlackRock enters next phase of platform integration with Tradeweb

Delaware Court Of Chancery Approves $3 Million In Attorneys' Fees For Successful Challenge To Forum-Selection Charter Provisions

Former CEO Granted Right To Inspect Books And Records Of Company After Demonstrating At Trial A "Credible Basis" To Infer Potential Wrongdoing By Board Chairman

Delaware Court Of Chancery Imposes Incorporation-By-Reference Condition On Section 220 Production, Consistent With Other Recent Decisions

Party planning platform Punchbowl’s owner is acquiring Timehop

“A Bad Bull”: Chancery Court Rejects Plaintiffs’ Fee Application in Oracle Derivative Litigation

Delaware Chancery Court Holds That Former Stockholder Lacks Standing To Bring Section 220 Action For Inspection Of Books And Records

Delaware Court Of Chancery Rejects Books-And-Records Demand Driven By Entrepreneurial Counsel

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction

Delaware Chancery Court Holds Garner Fiduciary Exception Does Not Justify Compelled Production Of Privileged Documents Relevant To A Derivative Litigation In Response To A Section 220 Demand Brought By The Same Plaintiffs

Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing

Delaware Chancery Court Finds No Fiduciary Duty Breach, Notwithstanding Entire Fairness Review, And Determines Appraisal Value To Be Well Below Deal Price

Delaware Court Of Chancery Dismisses Derivative Action, Finding Demand Unexcused Because Plaintiff Did Not Plead Non-Exculpated Claims Against A Majority Of Directors

Delaware Supreme Court Affirms Holding That Business Judgment Rule Applies When Informed Majority Of Stockholders Tenders Shares In A Two-Step Merger

Delaware Court Of Chancery Approves $3 Million In Attorneys' Fees For Successful Challenge To Forum-Selection Charter Provisions

Former CEO Granted Right To Inspect Books And Records Of Company After Demonstrating At Trial A "Credible Basis" To Infer Potential Wrongdoing By Board Chairman

Delaware Chancery Court Dismisses Post-Closing Fiduciary Duty Claims, Finding The Complaint Failed To Plead Bad Faith

Delaware Chancery Dismisses Quasi-Appraisal Claim Challenging Short-Form Merger

Delaware Court Of Chancery Imposes Incorporation-By-Reference Condition On Section 220 Production, Consistent With Other Recent Decisions

Delaware Court Of Chancery Denies Billion-Dollar Damages In Cigna-Anthem Row

Delaware Chancery Court Dismisses Post-Closing Challenge To Two-Step Merger Under Corwin Finding Tendering Stockholders Were Fully Informed

Stay Connected