Amendments Made to the Delaware General Corporation Law
The amendments to the Delaware General Corporation Law that were signed by the Governor this past spring became effective on August 1, 2009. They can be viewed here. As described more fully in the...
View ArticleBainbridge on Fiduciary Duties and Preferred Stockholders
The Court of Chancery’s recent decision in In Re: Trados Incorporated Shareholder Litigation, No. 1512-CC, 2009 WL 2225958 (July 24, 2009) prompted Professor Bainbridge to question the basic issue of...
View ArticleU.S. Supreme Court to Weigh in On Executive Pay
The United States Supreme Court has agreed to hear Jones v. Harris Associates, a case on executive pay. The case is on manager’s fees in the mutual fund industry, but the holding will likely effect...
View ArticleThe “Proof of Beneficial Ownership” Requirement Explained
Smith v Horizon Lines, Inc., C.A. 4573-CC, 2009 WL 2913887 (Aug. 31, 2009). The statute governing demands for inspection rights requires a beneficial owner who makes demand to provide proof of...
View ArticleNew Business Lawyer Articles on Delaware Law
Two articles in the current issue of The Business Lawyer, a publication of the ABA’s Business Law Section, discuss Delaware corporate law decisions. • Sabin Willet, Gheewalla and the Director’s...
View ArticleNew Vice Chancellor Confirmed
On September 20th, J. Travis Laster was confirmed by the Delaware Senate to become the newest Vice Chancellor on the Delaware Court of Chancery. October 9 is the expected date for his investiture and...
View ArticleAmylin Pharmaceuticals and a Substantive Duty of Care?
San Antonio Fire & Police Pension Fund v. Amylin Pharm., Inc., 2009 WL 3182602 (Del.). In the trial below, the plaintiffs claimed, among other issues, that the board violated their fiduciary duty...
View ArticleInterview with Newly Sworn In Vice Chancellor J. Travis Laster
Available via Francis Pileggi.
View ArticleDomineering Chairman, Derivative Claims, and More
In re NYMEX S’holders Litig., C.A. 3621-VCN, 2009 WL 3206051 (Del. Ch. Ct. Sept. 30, 2009). A couple of noteworthy principles were touched on in an opinion dismissing a litany of shareholder claims...
View ArticleCourt of Chancery Deals a Blow to Use of “Pfizer Type” Majority Voting...
Prof. Lawrence A. Hamermesh Ruby R. Vale Professor of Corporate and Business Law In a very interesting opinion on a matter of first impression, Vice Chancellor John Noble has indicated that the refusal...
View Article
