by The Delaware Counsel Group | Dec 19, 2008 | Law Updates, LU08
Documents: Marie Raymond Revocable Trust v. MAT Five LLC, et al., C.A. No. 3843-VCL, Lamb, V.C. (Del. Ch. Dec. 19, 2008) Plaintiffs had brought an action for breaches of fiduciary duty and violations of the Securities Exchange Act of 1933 stemming from alleged...
by The Delaware Counsel Group | Dec 18, 2008 | Law Updates, LU08
Document: The Bank of New York Mellon v. Realogy Corp., C.A. No. 4200-VCL, Lamb, V.C. (Del. Ch. Dec. 18, 2008) In order to take advantage of an arbitrage opportunity, Realogy Corporation offered to refinance a class of unsecured indebtedness by exchanging existing...
by The Delaware Counsel Group | Dec 17, 2008 | Law Updates, LU08
Document: General Video Corp. v. Kertesz, et al., C.A. No. 1922-VCL, Lamb, V.C. (Del. Ch. Dec. 17, 2008) After the defendant minority owner of a corporation quit in order to start a similar venture, the remaining majority owner and insolvent entity sued to claim...
by The Delaware Counsel Group | Dec 15, 2008 | Law Updates, LU08
Document: Klamka v. OneSource Technologies, Inc., C.A. No. 3639-VCN, Noble, V.C. (Del. Ch. Dec. 15, 2008) Plaintiff moved for a default judgment for the appointment of a custodian for OneSource Technologies, an abandoned Delaware corporation. Although OneSource’s...
by The Delaware Counsel Group | Dec 11, 2008 | Law Updates, LU08
Document: Kahn v. Portnoy, C.A. No. 3515-CC, Chandler, C. (Del. Ch. Dec. 11, 2008) Plaintiff brought suit against the directors of an LLC for breach of fiduciary duty where the LLC’s operating agreement explicitly imported the fiduciary duty principles of Delaware...
by The Delaware Counsel Group | Dec 11, 2008 | Law Updates, LU08
Document: Aveta Inc., et al. v. Bengoa, C.A. No. 3598-VCL, Lamb, V.C. (Del. Ch. Dec. 11, 2008) The Court of Chancery granted plaintiffs’ motion for judgment on the pleadings and ordered the parties to arbitrate all claims at issue regarding certain post-closing...