by The Delaware Counsel Group | Dec 28, 2011 | Law Updates, LU11
Sagarra Inversiones, S. L., v. Cementos Portland Valderrivas, S.A., C.A. No. 6179, J. Jacobs (Del. Dec. 28, 2011) The Delaware Supreme Court affirmed a Chancery Court decision holding that plaintiff, a stockholder of Cementos Portland Valderrivas, a Spanish...
by The Delaware Counsel Group | Dec 9, 2011 | Law Updates, LU11
Document: Clean Harbors, Inc. v. Safety-Kleen, Inc., C.A. No. 6117-VCP (Del. Ch. Dec. 9, 2011) The Delaware Court of Chancery declined to dismiss plaintiff’s claim that defendant Safety-Kleen, Inc. (“Safety-Kleen”) breached a contractual obligation to make a good...
by The Delaware Counsel Group | Nov 30, 2011 | Law Updates, LU11
Document: Central Laborers Pension Fund v. News Corp., C.A. No. 6287-VCN (Del. Ch. Nov. 30, 2011) The Delaware Court of Chancery dismissed an action to inspect the books and records of defendant News Corporation (“News”), under Section 220 of the Delaware General...
by The Delaware Counsel Group | Nov 28, 2011 | Law Updates, LU11
Document: Encite, LLC v. Soni, C.A. No. 2476-VCG (Del. Ch. Nov. 28, 2011) The Delaware Court of Chancery denied defendant directors’ motion for summary judgment on the issue whether they conducted an entirely fair auction process for the sale of a now-defunct...
by The Delaware Counsel Group | Nov 10, 2011 | Law Updates, LU11
Document: Winshall v. Viacom Int’l, Inc., C.A. No. 6074-CS (Del. Ch. Nov. 10, 2011) The Delaware Court of Chancery rejected plaintiff’s argument that both the seller and the acquirer of a business possessed an affirmative duty under the implied covenant of good faith...
by The Delaware Counsel Group | Oct 14, 2011 | Law Updates, LU11
Document: In re Southern Peru Copper Corp. Shareholders Deriv. Litig, C.A. No. 961-CS (Del. Ch. Oct. 14, 2011) In a post-trial decision, involving the acquisition by a publicly-traded, controlled corporation, Southern Peru Copper Corporation (“Southern Peru”), of its...