by The Delaware Counsel Group | Jul 23, 2010 | Law Updates, LU10
Document: TR Investors, LLC v. Genger, C.A. No. 3994-VCS (Del. Ch. July 23, 2010) TR Investors, LLC and other capital investors of Trans-Resources, Inc. brought an action to have the Chancery Court determine control of the Trans-Resources board pursuant to 8 Del. C. §...
by The Delaware Counsel Group | Jul 23, 2010 | Law Updates, LU10
Document: Related Westpac LLC v. JER Snowmass LLC, C.A. No. 5001-VCS (Del. Ch. July 23, 2010) JER Snowmass LLC, a funding member of two LLCs formed to pursue a land development project, filed a motion to dismiss a complaint filed by Related Westpac LLC, operating...
by The Delaware Counsel Group | Jul 5, 2010 | Law Updates, LU10
Document: In Re CNX Gas Corp. S’holder Litig., C.A. No. 5377-VCL (Del. Ch. July 5, 2010) Controlling shareholders of CNX Gas Corporation sought to certify for interlocutory appeal a decision of the Chancery Court denying a preliminary injunction by a class of minority...
by The Delaware Counsel Group | May 5, 2010 | Law Updates, LU10
Document: MCG Capital Corp. v. Maginn, C.A. No. 4521-CC (Del. Ch. May 5, 2010) This case was the first time that the Court of Chancery was presented with the question of whether preferred stockholders have the same standing to due derivatively on behalf of the...
by The Delaware Counsel Group | May 3, 2010 | Law Updates, LU10
Document: Sutherland v. Sutherland, C.A. No. 2399-VCN (Del. Ch. May 3, 2010) This opinion, which is the latest installment in a series of opinions arising from a dispute among siblings in a family-run corporation, involved allegations of waste and breaches of the...
by The Delaware Counsel Group | Apr 29, 2010 | Law Updates, LU10
Document: Binks v. DSL.net, Inc., C.A. No. 2823-VCN (Del. Ch. Apr. 29, 2010) This case explores several fundamental concepts of Delaware corporate law, including the business judgment rule and the applicability of Revlon duties in the context of a determination by an...