A&O Shearman | M&A and Corporate Governance Litigation Blog https://www.lit-ma.aoshearman.com Delaware Supreme Court Holds Restrictive Covenants Still Enforceable After Stock Unit Consideration Forfeited https://www.lit-ma.aoshearman.com/delaware-supreme-court-holds-restrictive-covenants-still-enforceable-after-stock-unit-consideration-forfeited Thu, 23 Apr 2026 17:46:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-holds-restrictive-covenants-still-enforceable-after-stock-unit-consideration-forfeited Delaware Supreme Court Affirms That Unreasonable Restrictive Covenants Are Not Enforceable, Regardless Of The Remedy Sought https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-that-unreasonable-restrictive-covenants-are-not-enforceable-regardless-of-the-remedy-sought Thu, 23 Apr 2026 17:46:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-that-unreasonable-restrictive-covenants-are-not-enforceable-regardless-of-the-remedy-sought Delaware Supreme Court Affirms That Bump-Up Exclusion In D&O Insurance Does Not Apply To Securities Claims Arising Out Of An M&A Transaction https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-that-bump-up-exclusion-in-do-insurance-does-not-apply-to-securities-claims-arising-out-of-an-ma-transaction Thu, 23 Apr 2026 17:36:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-that-bump-up-exclusion-in-do-insurance-does-not-apply-to-securities-claims-arising-out-of-an-ma-transaction Delaware Court Of Chancery Declines To Dismiss Fiduciary Duty And Aiding And Abetting Claims After Applying Entire Fairness To Take-Private Transaction https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-declines-to-dismiss-fiduciary-duty-and-aiding-and-abetting-claims-after-applying-entire-fairness-to-take-private-transaction Thu, 23 Apr 2026 17:33:00 GMT https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-declines-to-dismiss-fiduciary-duty-and-aiding-and-abetting-claims-after-applying-entire-fairness-to-take-private-transaction Delaware Supreme Court Affirms Books And Records Demand May Rely On Post-Demand Evidence And Sufficiently Reliable Hearsay To Establish A Credible Basis https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-books-and-records-demand-may-rely-on-post-demand-evidence-and-sufficiently-reliable-hearsay-to-establish-a-credible-basis Thu, 23 Apr 2026 17:27:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-affirms-books-and-records-demand-may-rely-on-post-demand-evidence-and-sufficiently-reliable-hearsay-to-establish-a-credible-basis Chancery Declines To Dismiss Claims Against Non-Independent Directors Who Voted in Favor of Special Committee-Approved Spin-Off Transaction https://www.lit-ma.aoshearman.com/chancery-declines-to-dismiss-claims-against-non-independent-directors-who-voted-in-favor-of-special-committee-approved-spin-off-transaction Thu, 23 Apr 2026 17:22:00 GMT https://www.lit-ma.aoshearman.com/chancery-declines-to-dismiss-claims-against-non-independent-directors-who-voted-in-favor-of-special-committee-approved-spin-off-transaction Delaware Court Of Chancery Enforces Texas Forum Selection Bylaw Retroactively https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-enforces-texas-forum-selection-bylaw-retroactively Thu, 23 Apr 2026 17:19:00 GMT https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-enforces-texas-forum-selection-bylaw-retroactively Delaware Supreme Court Upholds Constitutionality Of Senate Bill 21 https://www.lit-ma.aoshearman.com/delaware-supreme-court-upholds-constitutionality-of-senate-bill-21 Tue, 03 Mar 2026 20:23:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-upholds-constitutionality-of-senate-bill-21 Delaware Court Of Chancery Denies Special Litigation Committee's Motion To Terminate Due To Questions About Independence https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-denies-special-litigation-committees-motion-to-terminate-due-to-questions-about-independence Tue, 10 Feb 2026 18:15:00 GMT https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-denies-special-litigation-committees-motion-to-terminate-due-to-questions-about-independence Delaware Supreme Court Finds Attorneys' Fee Award Excessive In Excessive Compensation Case https://www.lit-ma.aoshearman.com/delaware-supreme-court-finds-attorneys-fee-award-excessive-in-excessive-compensation-case Tue, 10 Feb 2026 18:13:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-finds-attorneys-fee-award-excessive-in-excessive-compensation-case Delaware Supreme Court Reverses Invalidation Of Stockholder Agreement, Finding Belated Facial Challenge Was Barred by Laches https://www.lit-ma.aoshearman.com/delaware-supreme-court-reverses-invalidation-of-stockholder-agreement Tue, 03 Feb 2026 15:43:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-reverses-invalidation-of-stockholder-agreement Court Of Chancery Issues First Decision Interpreting Amended Section 220 And Grants Books And Records Inspection On Default https://www.lit-ma.aoshearman.com/court-of-chancery-issues-first-decision-interpreting-amended-section-220-and-grants-books-and-records-inspection-on-default Wed, 21 Jan 2026 22:09:00 GMT https://www.lit-ma.aoshearman.com/court-of-chancery-issues-first-decision-interpreting-amended-section-220-and-grants-books-and-records-inspection-on-default Delaware Supreme Court Reverses Rescission Of CEO Compensation Package Where Status Quo Ante Cannot Be Restored https://www.lit-ma.aoshearman.com/delaware-supreme-court-reverses-rescission-of-ceo-compensation-package Tue, 23 Dec 2025 22:20:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-reverses-rescission-of-ceo-compensation-package Delaware Chancery Holds That Fiduciary's Personal Misconduct Involving Corporation's Employees Does Not Constitute A Per Se Breach Of Fiduciary Duty https://www.lit-ma.aoshearman.com/delaware-chancery-holds-that-fiduciarys-personal-misconduct-involving-corporations-employees-does-not-constitute-a-per-se-breach-of-fiduciary-duty Tue, 23 Dec 2025 13:52:00 GMT https://www.lit-ma.aoshearman.com/delaware-chancery-holds-that-fiduciarys-personal-misconduct-involving-corporations-employees-does-not-constitute-a-per-se-breach-of-fiduciary-duty Delaware Supreme Court Upholds Award Of Nominal Damages To Plaintiffs Unharmed By Unfair Conflicted Controller Transaction https://www.lit-ma.aoshearman.com/delaware-supreme-court-upholds-award-of-nominal-damages-to-plaintiffs-unharmed-by-unfair-conflicted-controller-transaction Wed, 17 Dec 2025 18:06:00 GMT https://www.lit-ma.aoshearman.com/delaware-supreme-court-upholds-award-of-nominal-damages-to-plaintiffs-unharmed-by-unfair-conflicted-controller-transaction Delaware Court Of Chancery Finds Cancellation And Repurchase Of Shares Unauthorized For Failure To Adhere To Corporate Formalities https://www.lit-ma.aoshearman.com/Delaware-Court-Finds-Cancellation-And-Repurchase-Of-Shares-Unauthorized Tue, 23 Sep 2025 18:09:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Finds-Cancellation-And-Repurchase-Of-Shares-Unauthorized Delaware Chancery Court Grants Partial Judgment On Post-Acquisition Earnout Payments, Finding They Were Not Conditioned On Compliance With Other Provisions https://www.lit-ma.aoshearman.com/Partial-Judgment-On-Post-Acquisition-Earnout-Payments Tue, 05 Aug 2025 17:25:00 GMT https://www.lit-ma.aoshearman.com/Partial-Judgment-On-Post-Acquisition-Earnout-Payments Delaware Supreme Court Certifies Constitutional Challenge To SB21 Safe Harbor https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Certifies-Constitutional-Challenge-To-SB21-Safe-Harbor Tue, 17 Jun 2025 19:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Certifies-Constitutional-Challenge-To-SB21-Safe-Harbor Delaware Chancery Vacates Accounting Expert Determinations That Implicated Legal Indemnity Claims https://www.lit-ma.aoshearman.com/Delaware-Chancery-Vacates-Accounting-Expert-Determinations-Implicating-Legal-Indemnity-Claims Tue, 17 Jun 2025 19:03:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Vacates-Accounting-Expert-Determinations-Implicating-Legal-Indemnity-Claims Delaware Supreme Court Holds Business Judgment Rule Applies To Controlled Corporation's Change Of Corporate Domicile From Delaware To Nevada https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Business-Judgment-Rule-Applies Tue, 11 Feb 2025 21:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Business-Judgment-Rule-Applies Delaware Court Of Chancery Finds That Controller Sale Of Company Did Not Harm Minority Interests https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Controller- Wed, 22 Jan 2025 19:22:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Controller- Delaware Superior Court Holds That Bump-Up Exclusion In D&O Insurance Does Not Apply To Securities Claims Arising Out Of An M&A Transaction https://www.lit-ma.aoshearman.com/Delaware-Superior-Court-Holds-That-Bump-Up-Exclus Wed, 22 Jan 2025 19:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Superior-Court-Holds-That-Bump-Up-Exclus Delaware Court Of Chancery Holds Stockholder Vote Following Post-Trial Decision Cannot Retroactively Ratify A Transaction That Failed Entire Fairnes https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-holds-stockholdedelaware Wed, 11 Dec 2024 17:02:00 GMT https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-holds-stockholdedelaware Delaware Court Of Chancery "Barely" Sustains Claims Challenging Representations About Value Of SPAC Shares https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Barely-Sustains-Claims-Challenging-Representations-About-Value Tue, 05 Nov 2024 17:29:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Barely-Sustains-Claims-Challenging-Representations-About-Value Delaware Court Of Chancery Holds That Corwin Cleansing Applies To Claims Related To Reduction Of Acquisition Price https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Corwin-Cleansing-Applies Wed, 17 Jul 2024 20:02:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Corwin-Cleansing-Applies New York Court Of Appeals Clarifies Application Of Internal Affairs Doctrine But Reverses Dismissal Of Fiduciary Duty Breach Claims Under Scottish Law https://www.lit-ma.aoshearman.com/New-York-Court-Of-Appeals-Clarifies-Application Wed, 29 May 2024 15:10:00 GMT https://www.lit-ma.aoshearman.com/New-York-Court-Of-Appeals-Clarifies-Application Delaware Supreme Court Holds Proxy Disclosures Deficient In Failing To Disclose Advisors' Conflicts Of Interests https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Proxy-Disclosures-Deficient Tue, 07 May 2024 18:16:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Proxy-Disclosures-Deficient Delaware Supreme Court Holds MFW Is Applicable To Controlling Stockholder Transactions Even Outside Of Freeze-Out Context https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-MFW-Is-Applicable-To-Controlling Tue, 09 Apr 2024 19:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-MFW-Is-Applicable-To-Controlling Delaware Requires Compliance With DGCL Provisions Governing Board Negotiation And Board And Stockholder Approval Requirements For Merger Agreements https://www.lit-ma.aoshearman.com/Delaware-Requires-Compliance-With-DGCL-Provisions Mon, 01 Apr 2024 14:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Requires-Compliance-With-DGCL-Provisions Delaware Chancery Court Applies Entire Fairness To State Of Incorporation Conversions https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Applies-Entire-Fairness-T Tue, 26 Mar 2024 18:07:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Applies-Entire-Fairness-T Delaware Court Of Chancery Dismisses Derivative Claim For Breach Of Duty Of Oversight, Finding Failure To Establish Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative Tue, 26 Mar 2024 18:03:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative Delaware Court Of Chancery Invalidates Stockholder Agreement Provisions That Deprive Board Of Key Decision-Making Powers https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Stockholder Tue, 26 Mar 2024 17:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Stockholder 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 https://www.lit-ma.aoshearman.com/After-Derivative-Litigation-Judgment-For-Defendants Wed, 21 Feb 2024 20:48:00 GMT https://www.lit-ma.aoshearman.com/After-Derivative-Litigation-Judgment-For-Defendants Court Of Chancery Rescinds CEO Compensation Package Under Entire Fairness Review https://www.lit-ma.aoshearman.com/Court-Of-Chancery-Rescinds-CEO-Compensation-Package Tue, 13 Feb 2024 22:28:00 GMT https://www.lit-ma.aoshearman.com/Court-Of-Chancery-Rescinds-CEO-Compensation-Package Delaware Court Of Chancery Holds That Controlling Stockholder Conduct Did Not Breach Fiduciary Duties But Rendered Buyout Transaction Unfair https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Stockholder-Conduct-Did-Not-Breach-Fiduciary-Duties Tue, 13 Feb 2024 22:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Stockholder-Conduct-Did-Not-Breach-Fiduciary-Duties Applying Unocal, Delaware Court Of Chancery Upholds Board's Denial Of Stockholder's Director Nomination Notice Pursuant To Amended Bylaws https://www.lit-ma.aoshearman.com/Applying-Unocal-Delaware-Court-Of-Chancery-Upholds-Board-Denial Tue, 13 Feb 2024 14:32:00 GMT https://www.lit-ma.aoshearman.com/Applying-Unocal-Delaware-Court-Of-Chancery-Upholds-Board-Denial Delaware Court Of Chancery Rejects Claims Related To The Acquisition Of An Alleged Controller's Portfolio Company For Failure To Plead Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Claims-Related Mon, 08 Jan 2024 17:22:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Claims-Related Addressing The Enforceability Of Con Ed Provisions In Merger Agreements, Delaware Court Of Chancery Rejects Petition For Post-Closing Mootness Fee, Finding Stockholders Lacked Third-Party Beneficiary Standing To Seek Lost-Premium Damages https://www.lit-ma.aoshearman.com/Addressing-The-Enforceability-Of-Con-Ed-Provisions-In-Merger-Agreements-Delaware-Court Tue, 07 Nov 2023 20:26:00 GMT https://www.lit-ma.aoshearman.com/Addressing-The-Enforceability-Of-Con-Ed-Provisions-In-Merger-Agreements-Delaware-Court Delaware Court Of Chancery Rejects Stockholder Demand For Corporation To Supplement Its Section 220 Production With Searches And Production Of Email https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Stockholder-Demand-For-Corporation-To-Supplement Wed, 06 Sep 2023 14:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Stockholder-Demand-For-Corporation-To-Supplement Delaware Court Of Chancery Clarifies Standard Applicable To Mootness Fee Awards For Supplemental Disclosures https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Clarifies-Standard-Applicable-To-Mootness-Fee-Awards Tue, 01 Aug 2023 22:53:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Clarifies-Standard-Applicable-To-Mootness-Fee-Awards Delaware Court Of Chancery Rejects Stockholder's Section 220 Books And Record Demand In Connection With Corporation's Expression Of Opposition To Legislation https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Stockholders-Section-220-Books-And-Record-Demand Thu, 06 Jul 2023 16:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Stockholders-Section-220-Books-And-Record-Demand Delaware Supreme Court Affirms Decision Rejecting Fiduciary Duty Claims As To Allegedly Conflicted Acquisition Because It Satisfied Entire Fairness Review https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Decision-Rejecting-Fiduciary-Duty-Claims Tue, 13 Jun 2023 16:44:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Decision-Rejecting-Fiduciary-Duty-Claims Delaware Court Of Chancery Concludes Founder And Largest Shareholder Was Not A Controller In Connection With Allegedly Conflicted Transaction https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Concludes-Founder-And-Largest-Shareholder-Was-Not-A-Controller Thu, 01 Jun 2023 15:38:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Concludes-Founder-And-Largest-Shareholder-Was-Not-A-Controller Delaware Court Of Chancery Holds That Corwin Cleansing Does Not Apply To Claims For Injunctive Relief Related To Alleged Defensive Measures https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Corwin-Cleansing-Does-Not-Apply-To-Claims Tue, 09 May 2023 19:53:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Corwin-Cleansing-Does-Not-Apply-To-Claims Delaware Court Of Chancery Dismisses Breach Of Contract Claims Against Buyer, Finding Seller Retained Post-Closing Liability Related To Certain Product-Liability Litigations https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Contract-Claims-Against-Buyer-Finding-Seller-Retained Tue, 18 Apr 2023 18:04:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Contract-Claims-Against-Buyer-Finding-Seller-Retained Delaware Court of Chancery Finds Revlon Violation For Founder Who Favored Buyer And Failed To Disclose, And Aiding & Abetting Violation For Buyer https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Finds-Revlon-Violation-For-Founder-Who-Favored-Buyer-And-Failed Tue, 18 Apr 2023 17:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Finds-Revlon-Violation-For-Founder-Who-Favored-Buyer-And-Failed Delaware Court Of Chancery Dismisses Caremark Claims Against Directors For Failure To Allege Bad Faith After Permitting Related Claims To Advance Against Officer https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-Against-Directors-For-Failure-To-Allege Fri, 24 Mar 2023 20:56:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-Against-Directors-For-Failure-To-Allege Applying Entire Fairness, Delaware Court of Chancery Sustains Class Action Claims for Breaches of Fiduciary Duties Arising from Alleged Omissions in SPAC Merger Proxy https://www.lit-ma.aoshearman.com/Pair-Of-Delaware-Chancery-Court-Decisions-Deny-Motions-To-Dismiss-SPAC-Shareholder-Fiduciary Fri, 24 Mar 2023 16:46:00 GMT https://www.lit-ma.aoshearman.com/Pair-Of-Delaware-Chancery-Court-Decisions-Deny-Motions-To-Dismiss-SPAC-Shareholder-Fiduciary Delaware Court Of Chancery Validates SPAC Charter Amendment Called Into Question By A Recent Decision https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Validates-SPAC-Charter-Amendment-Called-Into-Question Tue, 28 Feb 2023 18:35:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Validates-SPAC-Charter-Amendment-Called-Into-Question Delaware Court Of Chancery Declines To Dismiss Breach Of Fiduciary Duty Claims Against Nondirector Officer, Holding That Officers Owe A Caremark Duty Of Oversight https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Breach-Of-Fiduciary-Duty-Claims-Against-Nondirector Fri, 03 Feb 2023 17:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Breach-Of-Fiduciary-Duty-Claims-Against-Nondirector Delaware Court Of Chancery Grants Plaintiff Attorneys' Fees Award Under Corporate Benefit Doctrine For Demand To SPAC Board Leading To Adjusted Voting Structure In Connection With Merger https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Plaintiff-Attorneys-Fees-Award-Under-Corporate-Benefit-Doctrine Wed, 18 Jan 2023 22:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Plaintiff-Attorneys-Fees-Award-Under-Corporate-Benefit-Doctrine Delaware Court Of Chancery Assesses The Application Of Timeliness Principles To Caremark Red Flags Claim And Applies "Separate Accrual Approach" But Subsequently Dismisses Complaint For Failure To Plead Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Assesses-The-Application-Of-Timeliness-Principles-To-Caremark-Red-Flags Thu, 12 Jan 2023 17:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Assesses-The-Application-Of-Timeliness-Principles-To-Caremark-Red-Flags Delaware Court Of Chancery Dismisses Breach Of Fiduciary Duty Claims Against Special Committee Defendants For Failure To Plead Breach Of Loyalty https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Against-Special-Committee Tue, 13 Dec 2022 17:49:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Against-Special-Committee Delaware Court Of Chancery Finds Personal Jurisdiction Over LLC "Acting Manager" In Post-Closing Investor Action Challenging Merger With SPAC https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Personal-Jurisdiction-Over-LLC-Acting-Manager-In-Post-Closing Tue, 01 Nov 2022 21:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Personal-Jurisdiction-Over-LLC-Acting-Manager-In-Post-Closing New York Appellate Court Dismisses Breach Of Fiduciary Duty Claims Under Foreign Law, Clarifying That The Internal Affairs Doctrine Applies To Directors And Officers Even If They Are No Longer Serving At The Time Of Suit https://www.lit-ma.aoshearman.com/New-York-Appellate-Court-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Under-Foreign-Law Tue, 01 Nov 2022 21:36:00 GMT https://www.lit-ma.aoshearman.com/New-York-Appellate-Court-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Under-Foreign-Law Delaware Court Of Chancery Finds Buyer Assumed Post-Closing Liability In Connection With Seller's Pre-Existing Settlement Agreement https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Buyer-Assumed-Post-Closing-Liability Tue, 11 Oct 2022 16:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Buyer-Assumed-Post-Closing-Liability Delaware Court Of Chancery Dismisses Caremark Claims Alleging Breaches Of Fiduciary Duty Following A Cyberattack https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-Alleging-Breaches-Of-Fiduciary-Duty Thu, 15 Sep 2022 16:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-Alleging-Breaches-Of-Fiduciary-Duty Delaware Court Of Chancery Dismisses Stockholder Challenge To Certificate Of Incorporation Amendment Prolonging Voting Control By CEO/Chairman https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-dismisses-stockholder-challenge-to-certificate-of Tue, 16 Aug 2022 20:14:00 GMT https://www.lit-ma.aoshearman.com/delaware-court-of-chancery-dismisses-stockholder-challenge-to-certificate-of Delaware Supreme Court Reverses Dismissal Of A Post-Merger Suit For Alleged Breach Of Fiduciary Duty Related To Disclosures On Appraisal Rights https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-A-Post-Merger-Suit-For-Alleged-Breach Thu, 28 Jul 2022 15:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-A-Post-Merger-Suit-For-Alleged-Breach Delaware Court Of Chancery Dismisses Derivative Suit For Failure To Allege Substantial Likelihood Of Liability Sufficient To Excuse Pre-Suit Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit-For-Failure-To-Allege-Substantial Tue, 12 Jul 2022 16:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit-For-Failure-To-Allege-Substantial Delaware Court Of Chancery Declares Company Actions On Behalf Of One Half Of Deadlocked Board Were Unauthorized And Contrary To Corporate Neutrality Principle https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declares-Company-Actions-On-Behalf-Of-One-Half-Of-Deadlocked-Board Wed, 06 Jul 2022 21:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declares-Company-Actions-On-Behalf-Of-One-Half-Of-Deadlocked-Board Delaware Court Of Chancery Declines To Dismiss Claims Related To Direct Offering At The Outset Of The Pandemic https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Claims-Related-To-Direct-Offering Wed, 06 Jul 2022 16:52:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Claims-Related-To-Direct-Offering Delaware Court Of Chancery Issues Post-Trial Judgment In Favor Of Defendant, Rejecting Stockholder's Section 220 Books And Records Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Issues-Post-Trial-Judgment-In-Favor-Of-Defendant Tue, 14 Jun 2022 18:53:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Issues-Post-Trial-Judgment-In-Favor-Of-Defendant Delaware Court Of Chancery Denies Motion To Dismiss Breach Of Fiduciary Duty Claim Against Director Who Abstained From Merger Vote https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-Of-Fiduciary-Duty-Claim Thu, 02 Jun 2022 15:14:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-Of-Fiduciary-Duty-Claim California Superior Court Strikes Down Director Diversity Mandate https://www.lit-ma.aoshearman.com/California-Superior-Court-Strikes-Down-Director-Diversity-Mandate Tue, 24 May 2022 21:30:00 GMT https://www.lit-ma.aoshearman.com/California-Superior-Court-Strikes-Down-Director-Diversity-Mandate Delaware Court Of Chancery Denies Motion To Dismiss Breach Of Fiduciary Duty And Unjust Enrichment Claims Related To Compensation Committee Awards https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-Of-Fiduciary Tue, 17 May 2022 17:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-Of-Fiduciary Delaware Court Of Chancery Applies Contemporaneous Ownership Requirement And Declines To Extend Equitable Derivative Standing https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Contemporaneous-Ownership-Requirement Tue, 17 May 2022 16:52:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Contemporaneous-Ownership-Requirement Finding That Allegedly Conflicted Acquisition Satisfied Entire Fairness Review, Delaware Court Of Chancery Rejects Breach Of Fiduciary Duty Claims https://www.lit-ma.aoshearman.com/Finding-That-Allegedly-Conflicted-Acquisition-Satisfied-Entire-Fairness-Review Wed, 04 May 2022 20:06:00 GMT https://www.lit-ma.aoshearman.com/Finding-That-Allegedly-Conflicted-Acquisition-Satisfied-Entire-Fairness-Review Eighth Circuit Affirms Dismissal Of Merger-Related Derivative Suit For Failure To Plead Demand Excusal https://www.lit-ma.aoshearman.com/Eighth-Circuit-Affirms-Dismissal-Of-Merger-Related-Derivative-Suit-For-Failure Tue, 19 Apr 2022 16:53:00 GMT https://www.lit-ma.aoshearman.com/Eighth-Circuit-Affirms-Dismissal-Of-Merger-Related-Derivative-Suit-For-Failure Delaware Court Of Chancery Grants Motion To Stay Pending Appeal Of Specific Performance Judgment Requiring Completion Of Acquisition Of Yoga Studios https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Stay-Pending-Appeal Tue, 05 Apr 2022 17:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Stay-Pending-Appeal Delaware Court Of Chancery Rejects Motion To Stay SPAC Breach Of Fiduciary Duty Suit Pending Parallel Federal Securities Action https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Motion-To-Stay-SPAC-Breach-of-Fiduciary-Duty Tue, 15 Mar 2022 16:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Motion-To-Stay-SPAC-Breach-of-Fiduciary-Duty Delaware Court Of Chancery Holds COVID-19 Pandemic Did Not Excuse Purchaser's Obligation To Complete Acquisition Of Its Franchisee's Yoga Studios https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-COVID-19-Pandemic-Did-Not-Excuse Tue, 08 Mar 2022 17:46:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-COVID-19-Pandemic-Did-Not-Excuse Delaware Court Of Chancery Holds That Company And Its Directors Did Not Breach Bylaws Or Fiduciary Duties In Rejecting Director Nomination Notice https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Company-And-Its-Directors-Did-Not-Breach Tue, 01 Mar 2022 17:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Company-And-Its-Directors-Did-Not-Breach Delaware Court Of Chancery Finds That Consent To Merger In Stockholders Agreement Did Not Waive Right To Bring Post-Closing Fiduciary Duty Claims https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Consent-To-Merger-In-Stockholders-Agreement Thu, 24 Feb 2022 17:32:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Consent-To-Merger-In-Stockholders-Agreement Southern District Of New York Denies Application For Mootness Fee In Connection With Merger-Disclosure Litigation https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Denies-Application-For-Mootness-Fee Thu, 17 Feb 2022 17:03:00 GMT https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Denies-Application-For-Mootness-Fee Delaware Court Of Chancery Applies "Universal Test" To Dismiss Derivative Suit For Failure To Make A Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Universal-Test-To-Dismiss-Derivative-Suit Tue, 08 Feb 2022 15:52:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Universal-Test-To-Dismiss-Derivative-Suit Delaware Court Of Chancery Limits Discovery In Appraisal Proceeding To Materials Available In Books-And-Records Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Limits-Discovery-In-Appraisal-Proceeding-To-Materials-Available-In-Books Tue, 08 Feb 2022 15:45:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Limits-Discovery-In-Appraisal-Proceeding-To-Materials-Available-In-Books Delaware Court Of Chancery Finds Transfer Restrictions On Stock Issued In Connection With A De-SPAC Merger Inapplicable To A Legacy Operating Company Stockholder Based On The Language Of The Relevant Bylaw https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Transfer-Restrictions-On-Stock-Issued-In-Connection Tue, 25 Jan 2022 17:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Transfer-Restrictions-On-Stock-Issued-In-Connection Delaware Court Of Chancery Dismisses Derivative Claims Challenging Stock Sale Allegedly Based On Adverse Nonpublic Information For Failure To Plead Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims-Challenging-Stock-Sale Wed, 19 Jan 2022 18:14:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims-Challenging-Stock-Sale Delaware Court Of Chancery Sustains Class Action Claims For Breaches Of Fiduciary Duties And Aiding And Abetting Arising From Alleged Omissions In SPAC Merger Proxy https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Sustains-Class-Action-Claims-For-Breaches-Of-Fiduciary Tue, 11 Jan 2022 22:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Sustains-Class-Action-Claims-For-Breaches-Of-Fiduciary Delaware Supreme Court Affirms Excused Performance For Breach Of "Ordinary Course" Covenant During Pandemic https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Excused-Performance-for-breach-of-ordinary-course-covenant Wed, 22 Dec 2021 00:34:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Excused-Performance-for-breach-of-ordinary-course-covenant Delaware Court Of Chancery Dismisses Section 220 Action Initiated Hours After Certificate Of Merger Was Filed With Delaware Secretary Of State https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Section-220-action-initiated-hours-after-certificate-of-merger Tue, 21 Dec 2021 23:45:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Section-220-action-initiated-hours-after-certificate-of-merger Delaware Court Of Chancery Dismisses Derivative Claims Challenging A Convertible Debt Issuance At The Onset Of The COVID-19 Pandemic For Failure To Plead That Demand Was Excused https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims-Challenging-A-Convertible-Debt-Issuance Wed, 08 Dec 2021 16:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims-Challenging-A-Convertible-Debt-Issuance Delaware Court Of Chancery Declines To Dismiss Derivative Claims, Finding Wrongful Refusal Of Demand Adequately Pleaded https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Derivative-Claims-Finding-Wrongful-Refusal Tue, 09 Nov 2021 17:24:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Derivative-Claims-Finding-Wrongful-Refusal Delaware Court Of Chancery Rejects Challenge To Board's Enforcement Of Advance Notice Bylaw https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Challenge-To-Board-Enforcement Tue, 26 Oct 2021 16:44:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Challenge-To-Board-Enforcement Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Overrules-Gentile-Carve-out-Holding-An-Improper-Transfer Tue, 19 Oct 2021 20:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Overrules-Gentile-Carve-out-Holding-An-Improper-Transfer Delaware Supreme Court Adopts Refined Test For Demand Futility And Holds Exculpated Claims Do Not Excuse Demand https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Adopts-Refined-Test-For-Demand-Futility-And-Holds-Exculpated Wed, 06 Oct 2021 20:26:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Adopts-Refined-Test-For-Demand-Futility-And-Holds-Exculpated Delaware Supreme Court Holds That Stockholders' Statutory Appraisal Rights Can Be Waived In A Negotiated Contract https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Stockholders-Statutory-Appraisal-Rights Tue, 21 Sep 2021 15:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Stockholders-Statutory-Appraisal-Rights Delaware Court Of Chancery Upholds Alleged Safety-Related Caremark Claims Against Airplane Manufacturer's Board https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Upholds-Alleged-Safety-Related-Caremark-Claims Wed, 15 Sep 2021 14:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Upholds-Alleged-Safety-Related-Caremark-Claims Delaware Court Of Chancery Dismisses Post-Merger Claims For Alleged Violation Of DGCL § 203 And Breach Of Fiduciary Duty https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger-Claims-For-Alleged-Violation Tue, 31 Aug 2021 15:53:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger-Claims-For-Alleged-Violation Delaware Court Of Chancery Declines To Apply Business Judgment Deference To Take-Private Merger Because Of "Deficiencies" In MFW Protections, Including That The Conditions Were Not Irrevocable https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Apply-Business-Judgment-Deference-To-Take-Private-Merger Thu, 19 Aug 2021 18:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Apply-Business-Judgment-Deference-To-Take-Private-Merger Delaware Court Of Chancery Denies Motion To Dismiss Fiduciary Duty Breach Claim Against Derivative Plaintiffs For Failing To Turn Over Derivative Award To The Corporation https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Fiduciary-Duty-Breach-Claim Tue, 03 Aug 2021 18:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Fiduciary-Duty-Breach-Claim Delaware Court Of Chancery Orders Buyer To Close Acquisition Of Medical Device Company After Finding Reduction In Medicare Reimbursement Rates Was Not A Material Adverse Effect https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Buyer-To-Close-Acquisition-Of-Medical-Device-Company Wed, 28 Jul 2021 17:40:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Buyer-To-Close-Acquisition-Of-Medical-Device-Company Delaware Supreme Court Requires Board To Demonstrate "Compelling Justification" For Stock Sale Primarily Intended To Interfere With Stockholder Voting Rights https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Requires-Board-To-Demonstrate-Compelling-Justification-For-Stock-Sale Tue, 13 Jul 2021 13:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Requires-Board-To-Demonstrate-Compelling-Justification-For-Stock-Sale Delaware Court Of Chancery Dismisses Caremark Claims For Failure To Plead Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-For-Failure-To-Plead-Demand-Futility Wed, 07 Jul 2021 17:37:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims-For-Failure-To-Plead-Demand-Futility Delaware Court Of Chancery Dismisses Breach Of Fiduciary Duty Claims Against Certain Officer-Directors Of Acquirer But Upholds A Claim Against A Special Committee Member https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Against-Certain-Officer Tue, 29 Jun 2021 17:05:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fiduciary-Duty-Claims-Against-Certain-Officer Delaware Court Of Chancery Allows Claim That Purchaser Altered Target's Business Plan To Avoid Paying Earnout Consideration To Proceed https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Allows-Claim-That-Purchaser-Altered-Target-Business-Plan Tue, 15 Jun 2021 15:32:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Allows-Claim-That-Purchaser-Altered-Target-Business-Plan Delaware Court Of Chancery Finds Company's Founders Constitute Control Group And That Entire Fairness Applies To Transaction In Which They Obtained Benefits Not Available To Minority Stockholders https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Company-Founders-Constitute-Control-Group Tue, 08 Jun 2021 17:22:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Company-Founders-Constitute-Control-Group In A Matter Of First Impression, Delaware Court Of Chancery Allows "Reverse Veil-Piercing" Theory To Proceed In Appraisal Judgment Enforcement Action https://www.lit-ma.aoshearman.com/In-A-Matter-Of-First-Impression-Delaware-Court-Of-Chancery-Allows Wed, 02 Jun 2021 19:43:00 GMT https://www.lit-ma.aoshearman.com/In-A-Matter-Of-First-Impression-Delaware-Court-Of-Chancery-Allows Delaware Court Of Chancery Dismisses Claims Challenging Squeeze-Out Merger Because Special Committee Was Not "Interested" And Stockholder Vote Was Uncoerced https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Claims-Challenging-Squeeze-Out-Merger Tue, 18 May 2021 17:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Claims-Challenging-Squeeze-Out-Merger Delaware Chancery Court Requires Buyers To Close On Pre-Coronavirus Deal Notwithstanding Impact Of Pandemic On Cake-Decorating Business https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Requires-Buyers-To-Close-On-PreCoronavirus-Deal Tue, 11 May 2021 15:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Requires-Buyers-To-Close-On-PreCoronavirus-Deal Delaware Supreme Court Affirms No Recovery In Cigna-Anthem Star-Crossed Venture https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-No-Recovery-In-Cigna Tue, 11 May 2021 15:37:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-No-Recovery-In-Cigna Delaware Court Of Chancery Dismisses Claims For Breach Of Earnout Provision https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Claims-For-Breach Tue, 04 May 2021 21:46:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Claims-For-Breach Delaware Court Of Chancery Orders Production Of Formal, Board-Level Materials In 220 Action https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Production-Of-Formal Tue, 20 Apr 2021 21:27:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Production-Of-Formal Delaware Court Of Chancery Dismisses Caremark And Disclosure Claims Related To Alleged Consumer Protection Law Violations For Failure To Plead Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-And-Disclosure Tue, 13 Apr 2021 21:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-And-Disclosure Delaware Court Of Chancery, Relying On Plain Language Of Purchase Agreement, Rejects Seller's Attempt To Claw Back Cash Mistakenly Left In Target's Bank Account https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Relying-On-Plain-Language Tue, 06 Apr 2021 20:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Relying-On-Plain-Language Delaware Supreme Court Finds D&O Coverage Applies To Fraudulent Conduct https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-DampO-Coverage-Applies-to-Fraudulent-Conduct Thu, 18 Mar 2021 00:38:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-DampO-Coverage-Applies-to-Fraudulent-Conduct Delaware Court Of Chancery Invalidates Energy Company's Anti-Activist Poison Pill Adopted At The Outset Of The COVID-19 Pandemic And Amid Global Oil Price War https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Energy-Companys-Anti-Activist-Poison-Pill Tue, 09 Mar 2021 20:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Energy-Companys-Anti-Activist-Poison-Pill Delaware Court Of Chancery Summarily Grants LLC Members' Motion For Summary Judgment For Advancement Of Legal Expenses https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Summarily-Grants-LLC-Members-Motion Tue, 02 Mar 2021 21:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Summarily-Grants-LLC-Members-Motion Delaware Court of Chancery Holds That Merger Was Fair And Reasonable Despite Mishandled Conflict Committee Appointment https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Holds-That-Merger-Was-Fair-And-Reasonable Tue, 02 Mar 2021 21:03:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Holds-That-Merger-Was-Fair-And-Reasonable Delaware Court Of Chancery Partially Grants Section 220 Demand For Materials Related To Facebook FTC Settlement https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Partially-Grants-Section-220-Demand Tue, 23 Feb 2021 16:46:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Partially-Grants-Section-220-Demand Southern District Of New York Permits Contract Termination Based On COVID-19, Construes Pandemic As "Natural Disaster" Within Meaning Of Force Majeure Provision https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Permits-Contract-Termination Thu, 18 Feb 2021 21:30:00 GMT https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Permits-Contract-Termination Delaware Supreme Court Affirms The Partial Denial Of Books And Records Demand https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-The-Partial-Denial Thu, 18 Feb 2021 19:08:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-The-Partial-Denial Delaware Court Of Chancery Sustains Breach Of Fiduciary Duty Claims Against Target's CEO And Aiding And Abetting Claims Against Target's Financial Advisor And Buyer https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Sustains-Breach-Of-Fiduciary-Duty-Claims Thu, 11 Feb 2021 23:00:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Sustains-Breach-Of-Fiduciary-Duty-Claims Delaware Supreme Court Affirms Appraisal Ruling Relying On DCF Analysis To Determine Fair Value https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Appraisal-Ruling-Relaying-On-DCF-Analysis Wed, 03 Feb 2021 19:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Appraisal-Ruling-Relaying-On-DCF-Analysis Delaware Court Of Chancery Exercises Subject Matter Jurisdiction Appropriate Over Merger Agreement Dispute "Legal" Claim https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Exercises-Subject-Matter Wed, 20 Jan 2021 19:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Exercises-Subject-Matter Delaware Court Of Chancery Applies Zapata To Assess New Board Committee's Motion To Dismiss Claims Being Pursued By A Previously Established Special Committee https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Zapata-To-Assess-New-Board Tue, 22 Dec 2020 21:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Zapata-To-Assess-New-Board Delaware Supreme Court Clarifies That A Section 220 Demand Is Not Necessarily Required To Establish That Suspected Wrongdoing Is "Actionable" https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-That-A-Section-220 Tue, 15 Dec 2020 20:10:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-That-A-Section-220 Delaware Court Of Chancery Rules Inadequate Disclosure And Pandemic-Driven Changes To Hotel Operations Breached Covenants And Excused Closing https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rules-Inadequate-Disclosure-And-Pandemic-Driven Tue, 08 Dec 2020 20:58:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rules-Inadequate-Disclosure-And-Pandemic-Driven Delaware Court Of Chancery Dismisses Derivative Claims For Failure To Plead Demand Futility Notwithstanding Unocal Enhanced Scrutiny https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims Tue, 01 Dec 2020 18:29:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Claims Delaware Court Of Chancery Holds That Former Stockholders Can Pursue Direct Claims For Breach Of Fiduciary Duty Arising From Issuance Of Shares To Controlling Stockholder For Allegedly Insufficient Consideration https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Former-Stockholders Tue, 10 Nov 2020 18:45:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Former-Stockholders Delaware Court Of Chancery Declines To Dismiss Claims That Officers Tilted Take‑Private Sale Process To Favored Buyer https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Claims-That-Officers-Tilted Tue, 20 Oct 2020 19:01:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Claims-That-Officers-Tilted Delaware Court Of Chancery Dismisses Derivative Suit For Failure To Plead Sufficient Facts Showing Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit Tue, 13 Oct 2020 16:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit Delaware Court Of Chancery Denies Billion-Dollar Damages In Cigna-Anthem Row https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Billion-Dollar-Damages-In-Cigna-Anthem-Row Wed, 09 Sep 2020 18:17:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Billion-Dollar-Damages-In-Cigna-Anthem-Row Even After Finding Corwin Inapplicable Because Of Alleged Misstatements, Delaware Court Of Chancery Dismisses Post-Merger Damages Claims For Failure To Plead Bad Faith https://www.lit-ma.aoshearman.com/Even-After-Finding-Corwin-Inapplicable-Because-Of-Alleged-Misstatements Wed, 09 Sep 2020 18:12:00 GMT https://www.lit-ma.aoshearman.com/Even-After-Finding-Corwin-Inapplicable-Because-Of-Alleged-Misstatements Delaware Court Of Chancery Denies Motion To Dismiss Claims Regarding Alleged Controller's Tender Offer As The "Abstention Principle" Is "Not Absolute" And A De Facto Controller May Obtain Additional Benefits From Mathematical Control https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Claims-Regarding-Alleged-Controllers Tue, 25 Aug 2020 19:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Claims-Regarding-Alleged-Controllers Delaware Court Of Chancery Holds Stockholder Inspection Rights For Delaware Corporations Are Governed Exclusively By Delaware Law And Are Subject To A Delaware Forum Selection Provision Addressing Internal Affairs https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Stockholder-Inspection-Rights-For-Delaware-Corporations Tue, 18 Aug 2020 18:17:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Stockholder-Inspection-Rights-For-Delaware-Corporations Shareholder Derivative Complaints Allege Lack Of Board And Senior Executive Diversity https://www.lit-ma.aoshearman.com/Shareholder-Derivative-Complaints-Allege-Lack-Of-Board-And-Senior-Executive Tue, 04 Aug 2020 18:38:00 GMT https://www.lit-ma.aoshearman.com/Shareholder-Derivative-Complaints-Allege-Lack-Of-Board-And-Senior-Executive Delaware Court Of Chancery Dismisses Post-Merger Stockholder Challenge To Executive Incentive Compensation Stock Awards https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger-Stockholder-Challenge Tue, 21 Jul 2020 18:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger-Stockholder-Challenge Delaware Supreme Court Affirms Appraisal Ruling Relying On Unaffected Market Price To Determine Fair Value https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Appraisal-Ruling-Relying-On-Unaffected-Market-Price-To-Determine-Fair Tue, 14 Jul 2020 18:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Appraisal-Ruling-Relying-On-Unaffected-Market-Price-To-Determine-Fair Delaware Supreme Court Reverses Dismissal Of Merger-Related Breach Of Fiduciary Duty Claims Regarding Allegedly Undisclosed Conflict Of Interest https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-Merger-Related-Breach-Of-Fiduciary-Duty Tue, 07 Jul 2020 18:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-Merger-Related-Breach-Of-Fiduciary-Duty Delaware Court Of Chancery Grants Motion To Dismiss Holding That Fiduciaries Of Acquired Entity Did Not Aid And Abet Alleged Fiduciary Breaches By Acquirer https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Dismiss-Holding-That-Fiduciaries Tue, 30 Jun 2020 19:22:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Dismiss-Holding-That-Fiduciaries Delaware Court Of Chancery Finds Controlling Investor's Cash-Accumulation Strategy In Advance Of Preferred Stock Redemption Payments Satisfied Entire Fairness https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Controlling-Inve Tue, 12 May 2020 18:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Controlling-Inve Delaware Court Of Chancery Grants Motion To Dismiss Finding Demand Was Not Excused In Connection With Alleged Failure To Update Revenue Guidance https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Dismiss-Finding-Demand Tue, 05 May 2020 18:44:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Motion-To-Dismiss-Finding-Demand Delaware Court Of Chancery Holds That A Special Committee Must Be Constituted Ab Initio In Order To Cleanse A Transaction Involving A Conflicted Board Majority https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-A-Special-Committee Tue, 17 Mar 2020 19:52:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-A-Special-Committee Delaware Court Of Chancery Denies Motion To Dismiss Claims Regarding Squeeze-Out Merger Because Special Committee Members Were Allegedly "Interested" https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Claims Tue, 03 Mar 2020 15:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Claims Delaware Supreme Court Finds Dissident Board Nominees Ineligible Because Of Noncompliance With Bylaws Deadline To Respond To Supplemental Information Request https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-Dissident-Board-Nominees Tue, 28 Jan 2020 17:45:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-Dissident-Board-Nominees Delaware Supreme Court Affirms Dismissal Of Derivative Suit Alleging Board Approved Transaction Involving Unnecessary Litigation Exposure https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Derivative Wed, 22 Jan 2020 17:07:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Derivative Delaware Court Of Chancery Dismisses Transaction-Related Breach Of Fiduciary Duty Claims After Board Terminates Merger In Favor Of An Alternative Acquisition https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Transaction- Tue, 14 Jan 2020 21:15:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Transaction- Delaware Court Of Chancery Orders Acquiror To Consummate Merger Finding That Misrepresentations Did Not Amount To A Material Adverse Effect https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Acquiror-To-Consummate-Merger-Finding Tue, 07 Jan 2020 22:53:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Acquiror-To-Consummate-Merger-Finding District Of Maryland Dismisses Post-Merger Securities Class Action, Finding Omission Of Public Information Relating To Financial Advisor's Analysis Did Not Render Proxy Materially Misleading https://www.lit-ma.aoshearman.com/District-Of-Maryland-Dismisses-Post-Merger-Securiites-Class-Action Thu, 19 Dec 2019 19:34:00 GMT https://www.lit-ma.aoshearman.com/District-Of-Maryland-Dismisses-Post-Merger-Securiites-Class-Action Delaware Court Of Chancery Rejects Demand To Inspect Books And Records Under Section 220 To Aid In Proxy Contest https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Demand-To-Insp Tue, 19 Nov 2019 18:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Demand-To-Insp Delaware Court Of Chancery Finds Certain Safe Harbor Protections Inapplicable To Approval Of Merger With General Partner's Affiliate https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Certain-Safe-Har Tue, 12 Nov 2019 16:05:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Certain-Safe-Har Delaware Court Of Chancery Dismisses Caremark Claims Against Directors After Company Publicly Disclosed Misconduct https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims Tue, 05 Nov 2019 18:17:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Claims Second Circuit Affirms Denial Of Certain Claims For Investment Banking Fees https://www.lit-ma.aoshearman.com/Second-Circuit-Affirms-Denial-Of-Certain-Claims- Tue, 29 Oct 2019 16:45:00 GMT https://www.lit-ma.aoshearman.com/Second-Circuit-Affirms-Denial-Of-Certain-Claims- Delaware Court Of Chancery Applies Entire Fairness Standard To Breach Of Fiduciary Duty Claim Arising From Asset Sale That Benefited Senior Preferred Unitholder https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Entire-Fairnes Tue, 22 Oct 2019 17:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Entire-Fairnes Delaware Court Of Chancery Finds Allegations Of Personal And Professional Relationships Sufficient To Excuse Pre-Suit Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Allegations-Of-Personal Tue, 08 Oct 2019 15:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Allegations-Of-Personal Delaware Court Of Chancery Denies Motion To Dismiss Merger Agreement Breach Claims Even Though Defendant Paid The Contractual Termination Fee https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Merger-Agreement-Breach-Claims Tue, 17 Sep 2019 18:40:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Merger-Agreement-Breach-Claims Delaware Court Of Chancery Grants Shareholder's Post-Merger Books And Records Demand, Finding "Credible Basis" To Investigate Merger Process https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Shareholders-Post-Merger-Books-And-Records-Demand Wed, 04 Sep 2019 20:18:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Shareholders-Post-Merger-Books-And-Records-Demand Delaware Court Of Chancery Denies Stay Sought By Special Litigation Committee Appointed By Conflicted General Partner https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Stay-Sought-By-Special-Litigation-Committee Wed, 04 Sep 2019 20:15:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Stay-Sought-By-Special-Litigation-Committee Delaware Court Of Chancery Finds Fair Value Equal To Deal Price Of Publicly Traded Company In Appraisal Action https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Fair-Value-Equal Tue, 20 Aug 2019 21:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Fair-Value-Equal Delaware Supreme Court Clarifies That Section 220 Books And Records Demands Are Not Subject To A Presumption Of Confidentiality https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-That-Section-220 Tue, 13 Aug 2019 15:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-That-Section-220 Delaware Court Of Chancery Dismisses Caremark Claim, Finding Consumer Class Action Settlement Was Not A "Red Flag" For Consumer Protection Law Violations https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Cla Tue, 06 Aug 2019 15:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Caremark-Cla Delaware Court Of Chancery Dismisses Stockholder Challenge To Merger For Failure To Rebut Business Judgment Rule https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Stockholder- Tue, 06 Aug 2019 15:09:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Stockholder- Delaware Court Of Chancery Again Dismisses Aiding And Abetting Claims For Pleading Deficiencies https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Again-Dismisses-Aiding Tue, 23 Jul 2019 20:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Again-Dismisses-Aiding Delaware Court Of Chancery Approves $3 Million In Attorneys' Fees For Successful Challenge To Forum-Selection Charter Provisions https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Approves-3-Million-In- Tue, 23 Jul 2019 18:17:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Approves-3-Million-In- Reversing A Dismissal, The Delaware Supreme Court Finds The Absence Of Board-Level Monitoring Of "Central Compliance Risks" Sufficient To State A Caremark Claim https://www.lit-ma.aoshearman.com/Reversing-A-Dismissal-The-Delaware-Supreme-Court- Tue, 25 Jun 2019 16:53:00 GMT https://www.lit-ma.aoshearman.com/Reversing-A-Dismissal-The-Delaware-Supreme-Court- Delaware Court Of Chancery Denies Motion To Dismiss Fiduciary Duty Breach Claims Related To Repricing Of Stock Options https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Fiduciary-Duty-Breach Tue, 18 Jun 2019 14:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Fiduciary-Duty-Breach Delaware Court Of Chancery Grants Books And Records Request Arising From Caremark Claims Related To Facebook User Privacy https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Books-And-Records-Request-Arising-From-Caremark-Claims Tue, 11 Jun 2019 15:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Books-And-Records-Request-Arising-From-Caremark-Claims Delaware Court Of Chancery Holds Merger Agreement Preserved Sellers' Ability To Assert Privilege Over Pre-Merger Attorney-Client Communications, Notwithstanding The Transfer Of Those Communications To The Buyer https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Merger-Agreement Tue, 04 Jun 2019 17:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Merger-Agreement Delaware Supreme Court Affirms Judgment In Favor Of Defendant On The Basis Of Plaintiffs' Failure To Prove Damages https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Judgment-In-Favor-Of-Defendant-On-The-Basis-Of-Plaintiffs-Failure Thu, 23 May 2019 14:54:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Judgment-In-Favor-Of-Defendant-On-The-Basis-Of-Plaintiffs-Failure Delaware Chancery Court Finds Limited Liability Companies Can Be Liable For Advancement To Members, Even Under Delaware Corporate Law https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-Limited-Liability-Can-Be-Liable Tue, 07 May 2019 19:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-Limited-Liability-Can-Be-Liable Delaware Supreme Court Finds Deal Price Minus Synergies As Fair Value In Aruba Networks Appraisal Appeal, Rather Than Average Preannouncement Stock Price https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-Deal-Price-Minus-Synergies-As-Fair-Value-In-Aruba-Networks-Appraisal Tue, 23 Apr 2019 13:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Finds-Deal-Price-Minus-Synergies-As-Fair-Value-In-Aruba-Networks-Appraisal Delaware Supreme Court Revives Stockholder Claims, Finding MFW Protections Were Not In Place Prior To Economic Negotiations https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Revives-Stockholder-Claims Tue, 16 Apr 2019 15:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Revives-Stockholder-Claims Delaware Court Of Chancery Applies Corwin To Dismiss Breach Of Fiduciary Duty Claims, Finding Allegations Of A Controlling Stockholder Conflict Inadequately Pleaded https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Corwin-To-Dismiss-Breach Tue, 09 Apr 2019 18:05:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Corwin-To-Dismiss-Breach Delaware Court Of Chancery Dismisses Derivative Suit Alleging Tech Company Exposed Itself To Unnecessary Litigation Risk With Acquisition https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit-Alleging-Tech-Co-Exposed-Itself Tue, 09 Apr 2019 17:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Suit-Alleging-Tech-Co-Exposed-Itself Delaware Court Of Chancery Enjoins Stockholder Vote For Inadequate Disclosures https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Enjoins-Stockholder-Vote-For-Inadequate-Disclosures Tue, 26 Mar 2019 14:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Enjoins-Stockholder-Vote-For-Inadequate-Disclosures Delaware Court Of Chancery Finds Implicit Consent To Jurisdiction By A Foreign Controlling Stockholder In Connection With The Adoption Of A Delaware Forum-Selection Bylaw At The Time Of An Interested Transaction https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Implicit-Consent-To-Jurisdiction-By-A-Foreign-Controlling-Stockhold Tue, 26 Mar 2019 14:23:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Implicit-Consent-To-Jurisdiction-By-A-Foreign-Controlling-Stockhold Delaware Court Of Chancery Holds Merger Termination Valid After Plaintiffs "Forgot" To Provide A Notice To Extend, But Reserves Decision On Reverse Termination Fee https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Merger-Termination Tue, 19 Mar 2019 16:12:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Merger-Termination Delaware Court Of Chancery Finds A Circumstantial Connection To Negative Corporate Developments Insufficient To Trigger Inspection Rights Under Section 220 https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-A-Circumstantial-connection Wed, 06 Mar 2019 01:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-A-Circumstantial-connection Delaware Supreme Court Affirms Dismissal Of Misappropriation Claims Against Private Equity Investor That Invested In A Competitor https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Misapppropriation Tue, 12 Feb 2019 19:40:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Misapppropriation Delaware Supreme Court Grants Stockholder's Section 220 Demand As To Certain Email, And Grants Requested Exceptions To Jurisdictional Use Restriction https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Grants-Stockholders-Section-220 Tue, 05 Feb 2019 19:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Grants-Stockholders-Section-220 Delaware Court of Chancery Grants Section 220 Demand By Director And Former CEO For Documents Related To His Ouster From The Company https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Grants-Section-220-Dem Tue, 29 Jan 2019 18:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Grants-Section-220-Dem Delaware Court Of Chancery Finds That Equitable Defenses To Board Composition Can Be Litigated In A Section 225 Action And Rules Actions By Majority Stockholder Written Consent Effective Even Without Notice To Minority Stockholders https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Equitable-Defenses-To-Board-Composition Tue, 08 Jan 2019 17:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-That-Equitable-Defenses-To-Board-Composition Delaware Court Of Chancery Rejects Forum-Selection Charter Provision For Federal Securities Law Claims https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Forum-Selection-Charter-Provision-For-Federal-Securities-Law Tue, 08 Jan 2019 17:38:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Forum-Selection-Charter-Provision-For-Federal-Securities-Law Delaware Court Of Chancery Denies Motion To Dismiss Breach Of Contract Claim For Failure To Use "Commercially Reasonable Efforts" To Obtain Regulatory Approval For Pharmaceuticals https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-of-Contract-Claim-For-Failure-To-Use-Comm Tue, 08 Jan 2019 16:54:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss-Breach-of-Contract-Claim-For-Failure-To-Use-Comm Delaware Court Of Chancery Holds That Concurrent Appraisal Action Does Not Preclude Post-Closing Fiduciary Duty Breach Claims https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Concurrent Tue, 18 Dec 2018 20:19:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Concurrent Delaware Court Of Chancery Dismisses Demand-Refused Derivative Litigation, Notwithstanding Allegations Of Board Misrepresentations In Advance Of Demand https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Demand-Refused Tue, 11 Dec 2018 21:10:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Demand-Refused Delaware Supreme Court Affirms Landmark Decision That Found MAE Justified Termination Of Deal https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Landmark-Decision Tue, 11 Dec 2018 19:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Landmark-Decision Delaware Court Of Chancery Declines To Dismiss Fiduciary Duty Breach Claims In Connection With Take-Private Acquisition Of Recently Delisted Company https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Fiduciary-Duty-Breach-Claims Tue, 27 Nov 2018 16:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Dismiss-Fiduciary-Duty-Breach-Claims New York Appellate Court Reverses Dismissal Of Derivative Claims Involving U.K. Company https://www.lit-ma.aoshearman.com/New-York-Appellate-Court-Reverses-Dismissal-Of-Derivative-Claims-Involving-UK-Company Tue, 20 Nov 2018 17:56:00 GMT https://www.lit-ma.aoshearman.com/New-York-Appellate-Court-Reverses-Dismissal-Of-Derivative-Claims-Involving-UK-Company Delaware Court Of Chancery Holds Alleged Breaches Of Representations Do Not Excuse Buyers' Noncompliance With Post-Closing Obligations Where Buyers Seek To Enforce Claims For Indemnification https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Alleged-Breaches-Representations-not-excuse-noncompliance Tue, 06 Nov 2018 15:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Alleged-Breaches-Representations-not-excuse-noncompliance Finding Insufficient Proof Of Damages, Delaware Court Of Chancery Enters Judgment In Favor Of Defendant Despite Finding Fiduciary Duty Breaches https://www.lit-ma.aoshearman.com/Finding-Insufficient-Proof-Of-Damages-Delaware-Court-of-chancery-enters-judgment-in-favor-of-defenda Tue, 23 Oct 2018 14:41:00 GMT https://www.lit-ma.aoshearman.com/Finding-Insufficient-Proof-Of-Damages-Delaware-Court-of-chancery-enters-judgment-in-favor-of-defenda Delaware Supreme Court Holds That Business Judgment Rule Applies To Controller Transactions As Long As MFW Conditions Are In Place Prior To Economic Negotiation https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Business-Judgment Tue, 16 Oct 2018 15:58:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Business-Judgment Delaware Court Of Chancery Rules For The First Time That MAE Justifies Termination Of Deal https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rules-For-The-First-Time Tue, 09 Oct 2018 14:37:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rules-For-The-First-Time Delaware Court Of Chancery Denies Motion To Exclude Post-Signing Evidence https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Exclude Tue, 02 Oct 2018 18:58:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Exclude Finding That The Implied Covenant Of Good Faith And Fair Dealing Could Not Import Revlon-Type Duties, Delaware Supreme Court Affirms Dismissal Of Breach Claim https://www.lit-ma.aoshearman.com/Finding-That-The-Implied-Covenant-Of-Good-Faith-and-Fair-Dealing-Could-Not-Import-Revlon-Type-Duties Tue, 25 Sep 2018 15:48:00 GMT https://www.lit-ma.aoshearman.com/Finding-That-The-Implied-Covenant-Of-Good-Faith-and-Fair-Dealing-Could-Not-Import-Revlon-Type-Duties District Of Delaware Finds Successful Section 220 Action Tolled Claims For Alleged Mismanagement https://www.lit-ma.aoshearman.com/District-Of-Delaware-Finds-Successful-Section-220-Action-Tolled Mon, 17 Sep 2018 15:14:00 GMT https://www.lit-ma.aoshearman.com/District-Of-Delaware-Finds-Successful-Section-220-Action-Tolled Delaware Court Of Chancery Denies Motion To Dismiss LPA Breach Claims, Including Aiding And Abetting Claim Against Financial Advisor https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss Wed, 05 Sep 2018 17:10:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Motion-To-Dismiss Delaware Court Of Chancery Validates Ratification Of Defective Corporate Acts Impacting Merger And Declines To Expand Universe Of Claims Classified As Both Direct And Derivative https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Validates-Ratification Tue, 28 Aug 2018 16:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Validates-Ratification Finding Merger Agreement Provisions Regarding Milestone Payments Ambiguous, Delaware Court Of Chancery Denies Dismissal Of Post-Merger Breach Claims https://www.lit-ma.aoshearman.com/Finding-Merger-Agreement-Provisions-Regarding-Milestone-Payments-Ambiguous Tue, 21 Aug 2018 18:59:00 GMT https://www.lit-ma.aoshearman.com/Finding-Merger-Agreement-Provisions-Regarding-Milestone-Payments-Ambiguous Southern District Of New York Denies Claims For Investment Banking Fees, Holding That The Engagement Terminated And The "Agreement To Agree" Was Unenforceable https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Denies-Claims-For-Investment-Banking-Fees Tue, 21 Aug 2018 18:58:00 GMT https://www.lit-ma.aoshearman.com/Southern-District-Of-New-York-Denies-Claims-For-Investment-Banking-Fees Applying Dell and DFC, Delaware Court Of Chancery Finds "Fair Value" Is Deal Price Less Synergies In Appraisal Action https://www.lit-ma.aoshearman.com/Applying-Dell-And-DFC-Delaware-Court-Of-Chancery-Finds Tue, 07 Aug 2018 18:47:00 GMT https://www.lit-ma.aoshearman.com/Applying-Dell-And-DFC-Delaware-Court-Of-Chancery-Finds Delaware Court Of Chancery Grants Minority Stockholder's Section 220 Demand As To Emails But Denies Access To Merger-Related Drafts https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Minority-Stockholders Tue, 07 Aug 2018 18:18:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Minority-Stockholders Delaware Court Of Chancery Applies MFW To Stockholder Challenge To An All-Stock Transaction With Allegedly Controlling Stockholder https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-MFW-To-Stockholder Tue, 31 Jul 2018 15:37:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-MFW-To-Stockholder Finding Disclosures Inadequate To Merit Application Of Corwin, Delaware Supreme Court Reverses Court of Chancery Dismissal Of Post-Closing Breach Of Fiduciary Duty Claims https://www.lit-ma.aoshearman.com/Finding-Disclosures-Inadequate-To-Merit-Application Tue, 17 Jul 2018 18:08:00 GMT https://www.lit-ma.aoshearman.com/Finding-Disclosures-Inadequate-To-Merit-Application Delaware Court Of Chancery Finds Allegations Of A Controlling Stockholder Group Sufficient To Preclude Dismissal Of Merger-Related Fiduciary Duty Breach Claims https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Allegations Tue, 26 Jun 2018 19:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Allegations Delaware Supreme Court Affirms Court Of Chancery, Finding That General Partner Complied With Obligations Under Limited Partnership Agreement https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Court-Of-Chancery Tue, 19 Jun 2018 16:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Court-Of-Chancery Delaware Court Of Chancery Rejects Appraisal Rights For Stockholders Of Merger Parent, Even When Transaction Results In Sale Of Control Over The Surviving Corporation. https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Appraisal-Rights Wed, 13 Jun 2018 22:27:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Appraisal-Rights Delaware Supreme Court Clarifies Standard For Contract Formation, Reversing And Remanding Court Of Chancery Decision On Enforceability https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-Standard-For-Contract Tue, 05 Jun 2018 19:02:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Clarifies-Standard-For-Contract Delaware Court Of Chancery Reaffirms Decision That "Fair Value" For Appraisal Was The Unaffected Market Price, Based On Dell And DFC https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Reaffirms-Decision-That Wed, 30 May 2018 18:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Reaffirms-Decision-That Delaware Supreme Court Affirms Court Of Chancery Appraisal Determination At Nearly 60% Discount To Deal Price https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Court-Of-Chancery- Tue, 01 May 2018 15:03:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Court-Of-Chancery- New York Supreme Court Dismisses Derivate Suit, Finding That Shareholder's Letter Constituted A Demand And Business Judgment Rule Applied https://www.lit-ma.aoshearman.com/New-York-Supreme-Court-Dismisses-Derivate-Suit-Finding Tue, 03 Apr 2018 19:00:00 GMT https://www.lit-ma.aoshearman.com/New-York-Supreme-Court-Dismisses-Derivate-Suit-Finding Delaware Court Of Chancery Denies Corwin Motion To Dismiss, Finding Allegations Of Control Adequately Pleaded As To 22% Stockholder https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Corwin-Motion-To Tue, 03 Apr 2018 18:59:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Corwin-Motion-To Superior Court Of Delaware Rules That Delaware Public Policy Does Not Prohibit Indemnification For Breach Of Duty Of Loyalty Based On Fraud https://www.lit-ma.aoshearman.com/Superior-Court-Of-Delaware-Rules-That-Delaware-Public Tue, 27 Mar 2018 21:05:00 GMT https://www.lit-ma.aoshearman.com/Superior-Court-Of-Delaware-Rules-That-Delaware-Public Delaware Court Of Chancery Relies On Corwin To Dismiss Post-Closing Fiduciary Duty Claims After Finding Acquiror Was Not A Controlling Stockholder https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Relies-On-Corwin-To-Dismiss Tue, 20 Mar 2018 17:29:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Relies-On-Corwin-To-Dismiss Delaware Supreme Court Affirms Delaware Court Of Chancery's Dismissal Of Fiduciary Duty Breach Claims, Finding Non-Exculpated Claim Inadequately Pled https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Delaware-Court-Of-Chancery-Dismissal Tue, 20 Mar 2018 17:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Delaware-Court-Of-Chancery-Dismissal Delaware Court Of Chancery Denies Stay Of Columbia Pipeline Appraisal, Finding That Pendency Of An Appeal Of Aruba Networks Did Not Warrant A Stay https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Stay-Of-Columbia Tue, 13 Mar 2018 20:07:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Stay-Of-Columbia Delaware Court Of Chancery Rejects Challenge To Books And Records Demand, Holding That Evidence From Qui Tam Action Demonstrated "Credible Basis" From Which To Infer Wrongdoing https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Challenge-To-Books Tue, 06 Mar 2018 19:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Challenge-To-Books Delaware Court Of Chancery Dismisses Derivative Breach Of Fiduciary Duty Claims In Connection With Publication Of Non-Final Drug Trial Results For Lack Of Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Breach Tue, 06 Mar 2018 18:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-Breach Delaware Court Of Chancery Uses DCF Analysis To Arrive At Fair Value Below Deal Price, Even Though Deal Process Was Not "Dell Compliant" https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Uses-DCF-Analysis-To-Arrive Tue, 06 Mar 2018 18:40:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Uses-DCF-Analysis-To-Arrive Reinstating A Post-Closing Merger Challenge, Delaware Supreme Court Holds Views Expressed By Directors In Connection With A Transaction Vote Are Not Per Se Immaterial https://www.lit-ma.aoshearman.com/Reinstating-A-Post-Closing-Merger-Challenge-Delaware Tue, 27 Feb 2018 21:28:00 GMT https://www.lit-ma.aoshearman.com/Reinstating-A-Post-Closing-Merger-Challenge-Delaware Delaware Court Of Chancery Applies Dell And DFC To Find "Fair Value" Of Widely Traded Company With No Controlling Stockholder Is Equal To Unaffected Market Price https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Dell-And-DFC-To-Find Tue, 27 Feb 2018 19:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-Dell-And-DFC-To-Find Declining To Find Enhanced Scrutiny Inapplicable To Post-Closing Damages Actions, Delaware Court Of Chancery Denies Motion For Summary Judgment https://www.lit-ma.aoshearman.com/Declining-To-Find-Enhanced-Scrutiny-Inapplicable- Wed, 21 Feb 2018 17:06:00 GMT https://www.lit-ma.aoshearman.com/Declining-To-Find-Enhanced-Scrutiny-Inapplicable- New York Court Denies Approval Of Disclosure-Only Settlement, Finding Supplemental Disclosures "Useless" https://www.lit-ma.aoshearman.com/New-York-Court-Denies-Approval-Of-Disclosure-Only Wed, 21 Feb 2018 17:05:00 GMT https://www.lit-ma.aoshearman.com/New-York-Court-Denies-Approval-Of-Disclosure-Only Delaware Court Of Chancery Holds That Addition Of MFW Protections Following Initial Controller Proposal But Before Negotiations Meets MFW Conditions https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Addition-Of Tue, 13 Feb 2018 19:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Addition-Of Delaware Court Of Chancery Invalidates Written Consent Of The Majority Of Common Stockholders Purporting To Remove And Replace CEO https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Written-Co Tue, 06 Feb 2018 17:02:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Invalidates-Written-Co Delaware Supreme Court Affirms Dismissal Of Stockholder Derivative Claims On Issue Preclusion Grounds Based On A Demand-Futility Dismissal Of A Prior Derivative Suit, Holding That The Application Of Issue Preclusion Does Not Violate Federal Due Process https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Stock Tue, 30 Jan 2018 18:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Stock Delaware Court Of Chancery Declines To Compel Production Under The Garner Privilege Exception https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Compel-Pro Wed, 17 Jan 2018 18:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Declines-To-Compel-Pro Delaware Court Of Chancery Grants Books And Records Demand, Holding That Corwin Is Irrelevant To Section 220 Proceedings https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Books-And-Recor Wed, 10 Jan 2018 18:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Grants-Books-And-Recor Delaware Court Of Chancery Upholds Shareholder's Disclosure Claim In Connection With Tender Offer, But Indicates Relief, If Any, Will Likely Be Limited To Nominal Damages https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Upholds-Shareholderrsq Wed, 10 Jan 2018 18:54:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Upholds-Shareholderrsq Delaware Supreme Court Affirms Decision That Well-Pled Unocal Claim Does Not Automatically Excuse Pre-Suit Demand https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Decision-That-Well-Pled Wed, 10 Jan 2018 18:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Decision-That-Well-Pled Delaware Supreme Court Reverses And Remands Dell MBO Appraisal Decision, Finding The Trial Court Erroneously Disregarded The Deal Price https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-And-Remands-Dell- Tue, 19 Dec 2017 20:12:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-And-Remands-Dell- Reversing A Dismissal, Delaware Supreme Court Declines To Apply Ratification Defense For Discretionary Compensation Awards Under Stockholder-Approved Equity Incentive Plan https://www.lit-ma.aoshearman.com/Reversing-A-Dismissal-Delaware-Supreme-Court-Decl Tue, 19 Dec 2017 20:11:00 GMT https://www.lit-ma.aoshearman.com/Reversing-A-Dismissal-Delaware-Supreme-Court-Decl Delaware Court Of Chancery Applies MFW Protections To Stock Reclassification That Allegedly Preserved Controlling Stockholder's Control Of Company https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-MFW-Protection Tue, 19 Dec 2017 20:09:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Applies-MFW-Protection Finding No Credible Basis For Inferring Wrongdoing, Delaware Court Of Chancery Denies Demand for Books And Records Concerning Alleged Related-Party Transactions https://www.lit-ma.aoshearman.com/Finding-No-Credible-Basis-For-Inferring-Wrongdoin Tue, 12 Dec 2017 18:30:00 GMT https://www.lit-ma.aoshearman.com/Finding-No-Credible-Basis-For-Inferring-Wrongdoin Delaware Court Of Chancery Dismisses Breach Of Fiduciary Duty Claims In Connection With Two-Step Merger, Despite Finding Corwin Inapplicable https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fi Tue, 12 Dec 2017 18:24:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Breach-Of-Fi Delaware Supreme Court Affirms Finding Of Failure To Allege Demand Futility Based On Board Composition Days After Complaint Was Filed https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Finding-Of-Failure Tue, 05 Dec 2017 18:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Finding-Of-Failure New York Court Of Appeals Reverses Dismissal Of Derivative Claims Involving Cayman Islands Company, Finding Cayman Islands Gatekeeping Rule Inapplicable https://www.lit-ma.aoshearman.com/New-York-Court-Of-Appeals-Reverses-Dismissal-Of-D Tue, 28 Nov 2017 18:33:00 GMT https://www.lit-ma.aoshearman.com/New-York-Court-Of-Appeals-Reverses-Dismissal-Of-D Delaware Court Of Chancery Ruling Provides Guidance On Attorney-Client Privilege Protection For Draft Stockholder Communications https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Ruling-Provides-Guidan Tue, 28 Nov 2017 18:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Ruling-Provides-Guidan Delaware Court Of Chancery Rejects Books-And-Records Demand Driven By Entrepreneurial Counsel https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Books-And-Reco Tue, 21 Nov 2017 19:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Rejects-Books-And-Reco Delaware Court Of Chancery Dismisses Derivative Action, Finding Demand Unexcused Because Plaintiff Did Not Plead Non-Exculpated Claims Against A Majority Of Directors https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-A Tue, 14 Nov 2017 19:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Derivative-A Delaware Supreme Court Affirms Delaware Court Of Chancery's Use Of Its Own DCF Method To Determine Fair Value After Controller-Directed Cash-Out Merger https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Delaware-Court-Of- Tue, 07 Nov 2017 17:56:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Delaware-Court-Of- Delaware Court Of Chancery Dismisses Post-Merger Fiduciary Duty Claims Against Alleged Controller https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger- Tue, 31 Oct 2017 17:23:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Merger- Texas Federal District Court Invalidates IRS Regulations Limiting Inversion Transactions https://www.lit-ma.aoshearman.com/Texas-Federal-District-Court-Invalidates-IRS-Regu Tue, 24 Oct 2017 19:23:00 GMT https://www.lit-ma.aoshearman.com/Texas-Federal-District-Court-Invalidates-IRS-Regu Finding Complaint Did Not Adequately Plead Claims For Breach Of Fiduciary Duty, Delaware Supreme Court Affirms Court Of Chancery Decision In GAMCO https://www.lit-ma.aoshearman.com/Finding-Complaint-Did-Not-Adequately-Plead-Claims Tue, 24 Oct 2017 19:21:00 GMT https://www.lit-ma.aoshearman.com/Finding-Complaint-Did-Not-Adequately-Plead-Claims Delaware Court Of Chancery Imposes Incorporation-By-Reference Condition On Section 220 Production, Consistent With Other Recent Decisions https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Imposes-Incorporation- Tue, 17 Oct 2017 16:00:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Imposes-Incorporation- Delaware Court Of Chancery Finds Demand Futility As To Fiduciary Duty Breach Claims Arising From Costly Loan Approved By Interested Directors And Allegedly Illegal Conduct Known To The Board https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Demand-Futility-As-To Tue, 10 Oct 2017 17:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Demand-Futility-As-To Finding Disclosures Were Adequate, Delaware Court Of Chancery Applies Corwin And Volcano To Dismiss Post-Closing Breach Of Fiduciary Duty Claims https://www.lit-ma.aoshearman.com/Finding-Disclosures-Were-Adequate-Delaware-Court- Tue, 03 Oct 2017 23:52:00 GMT https://www.lit-ma.aoshearman.com/Finding-Disclosures-Were-Adequate-Delaware-Court- New Jersey Federal Court Extends Coverage of Merged Bank's D&O Liability Insurance Policy To Surviving Bank https://www.lit-ma.aoshearman.com/New-Jersey-Federal-Court-Extends-Coverage-of-Merg Tue, 26 Sep 2017 18:44:00 GMT https://www.lit-ma.aoshearman.com/New-Jersey-Federal-Court-Extends-Coverage-of-Merg Delaware Court Of Chancery Orders Specific Performance, Finding Plaintiff Did Not Breach Its Contractual Obligation To "Reasonably Cooperate" https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Specific-Perfor Mon, 18 Sep 2017 17:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Orders-Specific-Perfor In A Post-Trial Opinion, Delaware Court Of Chancery Dismisses Breach Of Contract And Fiduciary Duty Claims For Lack Of Personal Jurisdiction https://www.lit-ma.aoshearman.com/In-A-Post-Trial-Opinion-Delaware-Court-Of-Chancer Tue, 12 Sep 2017 22:34:00 GMT https://www.lit-ma.aoshearman.com/In-A-Post-Trial-Opinion-Delaware-Court-Of-Chancer Delaware Court Of Chancery Dismisses Post-Closing Stockholder Suit Asserting Fiduciary Duty Breach Claims And Also Seeking Quasi-Appraisal Remedy https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Closing Wed, 06 Sep 2017 17:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Post-Closing Delaware Court Of Chancery Extends MFW Protections To One-Sided Controller Transactions https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Extends-MFW-Protection Tue, 29 Aug 2017 20:07:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Extends-MFW-Protection Delaware Chancery Court Dismisses Post-Closing Fiduciary Duty Claims, Finding The Complaint Failed To Plead Bad Faith https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Fiduciary Tue, 22 Aug 2017 18:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Fiduciary Delaware Supreme Court Reverses And Remands Appraisal Award But Rejects Bright-Line Presumption In Favor Of Deal Price https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-And-Remands-Appra Tue, 15 Aug 2017 18:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-And-Remands-Appra Delaware Court Of Chancery Recommends Limiting The Preclusive Effect Of Prior Decisions On Demand Futility In Derivative Lawsuits https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Recommends-Limiting-Th Tue, 15 Aug 2017 17:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Recommends-Limiting-Th Delaware Court Of Chancery Finds Demand Futility Where Plaintiff Adequately Alleged That Board's Approval Of Challenged Transactions Was Grossly Negligent And Board Was Not Adequately Informed https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Demand-Futility- Tue, 08 Aug 2017 18:34:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Finds-Demand-Futility- 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 https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-Garner-Fiduciary-Ex Tue, 08 Aug 2017 17:05:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-Garner-Fiduciary-Ex Delaware Chancery Court Upholds Fiduciary Duty Breach Claims Regarding Self-Tender Against Controlling Stockholder Group And Affiliated Directors, But Dismisses Claims Against Independent Directors And Financial And Legal Advisors https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Upholds-Fiduciary-Duty-Br Tue, 01 Aug 2017 18:34:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Upholds-Fiduciary-Duty-Br Delaware Chancery Court Finds No Fiduciary Duty Breach, Notwithstanding Entire Fairness Review, And Determines Appraisal Value To Be Well Below Deal Price https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-No-Fiduciary-Duty-Breach Tue, 25 Jul 2017 16:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-No-Fiduciary-Duty-Breach Delaware Chancery Court Dismisses Post-Closing Challenge To Two-Step Merger Under Corwin Finding Tendering Stockholders Were Fully Informed https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Ch Tue, 18 Jul 2017 18:35:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Ch Third Circuit Holds That Statutes Of Limitation May Be Tolled By Books-And-Records Demands Under Delaware Law Despite Inquiry Notice To Plaintiff Of Wrongdoing https://www.lit-ma.aoshearman.com/Third-Circuit-Holds-That-Statutes-Of-Limitation-M Tue, 18 Jul 2017 16:51:00 GMT https://www.lit-ma.aoshearman.com/Third-Circuit-Holds-That-Statutes-Of-Limitation-M Delaware Chancery Court Issues Opinion Offering Rare Interpretation Of Stock Transfer Restriction Provision, Delaware General Corporation Law Section 202 https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Issues-Opinion-Offering-R Tue, 18 Jul 2017 16:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Issues-Opinion-Offering-R Delaware Chancery Court Declines To Dismiss Challenges To Director Option Grants And Outside Investor Voting Agreement https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Chall Tue, 11 Jul 2017 20:52:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Chall Delaware Supreme Court Affirms Dismissal Of Disclosure Claim Based On Subsequent Employment Of Special Committee Chair By Legal Counsel That Advised Committee https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Discl Tue, 27 Jun 2017 18:35:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Discl Delaware Supreme Court Affirms Dismissal Of "Demand-Refused" Derivative Suit Regarding Alleged Misconduct In Foreign Exchange Business https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-ldquo Tue, 27 Jun 2017 17:17:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-ldquo Delaware Chancery Court Dismisses Caremark Claim For Failure To Adequately Allege That The Board Consciously Disregarded FCPA Violation Red Flags https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Caremark-Claim-For-Failure Tue, 20 Jun 2017 16:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Caremark-Claim-For-Failure After Settlement By Director Defendants Of Merger-Related Fiduciary Duty Breach Claims, Delaware Chancery Court Rejects Financial Advisor's Bid To Invoke Settlement Consent Provision To Stay Trial On Aiding-And-Abetting Claims https://www.lit-ma.aoshearman.com/After-Settlement-By-Director-Defendants-Of-Merger Fri, 16 Jun 2017 18:36:00 GMT https://www.lit-ma.aoshearman.com/After-Settlement-By-Director-Defendants-Of-Merger Delaware Chancery Court Declines To Dismiss Claims Under Corwin, Finding The Complaint Adequately Pleaded That The Shareholder Vote Was Structurally Coercive https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Claim Fri, 16 Jun 2017 13:49:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Claim Two Recent Delaware Appraisal Decisions, Though Unlikely To Squelch Plaintiffs' Enthusiasm For Appraisal Actions, Give Companies Some Comfort That Loss Is Not Guaranteed https://www.lit-ma.aoshearman.com/Two-Recent-Delaware-Appraisal-Decisions-Though-Un Tue, 06 Jun 2017 17:28:00 GMT https://www.lit-ma.aoshearman.com/Two-Recent-Delaware-Appraisal-Decisions-Though-Un Delaware Supreme Court Affirms Dismissal Of Challenge To Controlling Stockholder Take‑Private Deal https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Chall Wed, 31 May 2017 20:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Chall Delaware Chancery Court Holds That Well-Pled Unocal Claim Does Not Automatically Excuse Pre-Suit Demand https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Well-Pled-Unoc Tue, 23 May 2017 16:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Well-Pled-Unoc Delaware Chancery Court Dismisses Breach Of Fiduciary Duty And Quasi-Appraisal Claims Under Corwin https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Breach-Of-Fiduciary-Duty Tue, 16 May 2017 18:38:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Breach-Of-Fiduciary-Duty Delaware Chancery Court Declines To Dismiss Acquiror's Post-Closing Indemnification Claims In Light Of Contractual Ambiguity In Stock Purchase Agreement https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Acqui Tue, 16 May 2017 18:03:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Acqui Delaware Chancery Court Dismisses Breach Of Fiduciary Duty Claims By Minority Stockholder Of Subsidiary In Relation To Acquisition Of Parent Company https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Breach-Of-Fiduc Tue, 09 May 2017 18:43:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Breach-Of-Fiduc Delaware Chancery Court Holds That Former Stockholders Lack Post-Merger Standing To Bring Mismanagement Claims https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Former-Stockholders Tue, 09 May 2017 16:18:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Former-Stockholders Second Circuit Affirms Dismissal Of Shareholder Suit, Finding Subject Matter Jurisdiction Was Properly Exercised, Equity Dilution Claim Was Derivative, And Demand Futility Was Inadequately Pleaded https://www.lit-ma.aoshearman.com/Second-Circuit-Affirms-Dismissal-Of-Shareholder-S Tue, 02 May 2017 16:35:00 GMT https://www.lit-ma.aoshearman.com/Second-Circuit-Affirms-Dismissal-Of-Shareholder-S 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 https://www.lit-ma.aoshearman.com/Former-CEO-Granted-Right-To-Inspect-Books-And-Rec Tue, 25 Apr 2017 18:44:00 GMT https://www.lit-ma.aoshearman.com/Former-CEO-Granted-Right-To-Inspect-Books-And-Rec Delaware Chancery Court Applies Corwin To Dismiss Post-Merger Fiduciary Duty Claim After Finding A Royalty Agreement Did Not Constitute An Unreasonable Deal Protection Device https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Applies-Corwin-To-Dismiss Tue, 18 Apr 2017 16:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Applies-Corwin-To-Dismiss Delaware Chancery Court Declines To Dismiss Fiduciary Duty Claims In Shareholder-Approved Merger, Finding That Shareholders Alleged Sufficient Facts To Negate Application Of Corwin https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Fiduc Tue, 11 Apr 2017 18:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Dismiss-Fiduc Delaware Chancery Court Dismisses Suit Challenging Board Compensation Awards Under A Stockholder-Approved Compensation Plan https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Suit-Challengin Tue, 11 Apr 2017 16:35:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Suit-Challengin Delaware Supreme Court Determines "Reasonable Best Efforts" Provisions Impose Affirmative Obligations, But Affirms Chancery Court's Refusal To Enjoin Merger Termination https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Determines-ldquoReasonable Tue, 04 Apr 2017 17:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Determines-ldquoReasonable Delaware Chancery Preliminarily Enjoins Merger-Related Stockholder Meeting Until Financial Advisor's Fees For Merger-Related Financing Are Disclosed https://www.lit-ma.aoshearman.com/Delaware-Chancery-Preliminarily-Enjoins-Merger-Re Tue, 28 Mar 2017 18:40:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Preliminarily-Enjoins-Merger-Re Delaware Supreme Court Reverses Dismissal Of LPA Breach Claims, Holding General Exculpatory Provisions Did Not Preclude Claims For Breaches Of Specific Provisions And Easing The Standard For Pleading Bad Faith https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-LPA- Tue, 28 Mar 2017 16:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-LPA- Delaware Chancery Court Focuses On Negotiation History In Denying Former Securityholders A Milestone Payment Based On The Interpretation Of An Ambiguous Merger Agreement https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Focuses-On-Negotiation-Hi Tue, 21 Mar 2017 20:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Focuses-On-Negotiation-Hi Delaware Supreme Court Affirms Dismissal Of Caremark Action For Failure To Plead Bad Faith With Particularity https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Carem Tue, 14 Mar 2017 16:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-Of-Carem Massachusetts Supreme Court Affirms Dismissal Of Shareholder Class Action And Clarifies That Directors Generally Owe Fiduciary Duties To The Corporation, And Not Its Shareholders https://www.lit-ma.aoshearman.com/Massachusetts-Supreme-Court-Affirms-Dismissal-Of- Tue, 14 Mar 2017 16:36:00 GMT https://www.lit-ma.aoshearman.com/Massachusetts-Supreme-Court-Affirms-Dismissal-Of- Delaware Chancery Court Holds That Former Stockholder Lacks Standing To Bring Section 220 Action For Inspection Of Books And Records https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Former-Stockho Tue, 07 Mar 2017 17:36:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Former-Stockho Vermont District Court Dismisses Shareholder Lawsuit Asserting Section 14 Claims Premised On Forward-Looking Projections https://www.lit-ma.aoshearman.com/Vermont-District-Court-Dismisses-Shareholder-Laws Tue, 28 Feb 2017 17:23:00 GMT https://www.lit-ma.aoshearman.com/Vermont-District-Court-Dismisses-Shareholder-Laws Delaware Chancery Court Approves Modification To Plan Of Allocation https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Approves-Modification-To- Tue, 21 Feb 2017 17:39:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Approves-Modification-To- Delaware Supreme Court Affirms Holding That Business Judgment Rule Applies When Informed Majority Of Stockholders Tenders Shares In A Two-Step Merger https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Holding-That-Busin Tue, 14 Feb 2017 19:45:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Holding-That-Busin New York Appellate Division Refines The Colt Standard For Nonmonetary Settlements Of Merger-Related Class Action Suits https://www.lit-ma.aoshearman.com/nbspNew-York-Appellate-Division-Refines-The-Colt- Tue, 14 Feb 2017 19:44:00 GMT https://www.lit-ma.aoshearman.com/nbspNew-York-Appellate-Division-Refines-The-Colt- Delaware Chancery Court Dismisses Post-Closing Merger Challenge Based On Shareholder Approval, Notwithstanding Alleged Presence Of Controlling Shareholder https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Me Tue, 07 Feb 2017 19:46:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Me Delaware Chancery Court Dismisses Caremark Claim Highlighting That Unsupported Inferences Do Not Demonstrate Demand Futility https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Caremark-Claim- Mon, 30 Jan 2017 19:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Caremark-Claim- Delaware Chancery Court Holds That Corporations Cannot Enact Bylaws To Circumvent Simple Majority Vote Requirement For Shareholder Removal Of Directors https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Corporations-C Mon, 30 Jan 2017 19:47:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Holds-That-Corporations-C Delaware Chancery Court Dismisses Derivative Claims For Failure To Allege Wrongful Demand Refusal With Particularity https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Derivative-Clai Mon, 23 Jan 2017 19:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Derivative-Clai Delaware Chancery Court Rejects Post-Closing Challenge To Merger Approved By Disinterested Stockholders In Fully-Informed And Uncoerced Vote https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Rejects-Post-Closing-Chal Mon, 16 Jan 2017 19:49:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Rejects-Post-Closing-Chal Delaware Chancery Court Finds Fee-Shifting Bylaw Facially Invalid Notwithstanding Its Limitation To Actions Brought In Violation Of An Exclusive-Forum Bylaw https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-Fee-Shifting-Bylaw- Mon, 09 Jan 2017 20:06:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-Fee-Shifting-Bylaw- Delaware Chancery Dismisses Quasi-Appraisal Claim Challenging Short-Form Merger https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Quasi-Appraisal-Claim Mon, 09 Jan 2017 17:41:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Quasi-Appraisal-Claim Delaware Chancery Court Employs Transaction Price To Determine Fair Value In Appraisal Action https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Employs-Transaction-Price Mon, 02 Jan 2017 18:08:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Employs-Transaction-Price Delaware Chancery Court Resolves Dispute Among Appraisal Petitioners By Appointing Lead Appraisal Counsel https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Resolves-Dispute-Among-Ap Mon, 19 Dec 2016 15:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Resolves-Dispute-Among-Ap Delaware Supreme Court Holds That Employer May Not Avoid Advancing Former Executive's Litigation Expenses By Claiming Hiring Was Induced By Fraud https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Employer-May-No Mon, 12 Dec 2016 19:55:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-That-Employer-May-No Delaware Court Of Chancery Dismisses Pair Of "Demand-Refused" Derivative Suits, Highlighting The Difficulties In Bringing Such Actions https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Pair-Of-ldqu Mon, 12 Dec 2016 19:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Dismisses-Pair-Of-ldqu Delaware Supreme Court Reverses Dismissal Of Derivative Suit After Finding Directors Lacked Independence https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-Deri Mon, 12 Dec 2016 19:50:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Reverses-Dismissal-Of-Deri Delaware Chancery Dismisses Stockholder Claims As Barred By Prior Court-Approved Settlement Agreement, Res Judicata And The Business Judgment Rule https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Stockholder-Claims-As Mon, 05 Dec 2016 19:56:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Stockholder-Claims-As Delaware Chancery Court Dismisses Fraud Claim As Barred By Purchase Agreement Anti-Reliance Provisions https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Fraud-Claim-As- Mon, 05 Dec 2016 17:33:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Fraud-Claim-As- Delaware Supreme Court Affirms Dismissal For Pleading Inadequacy When Plaintiffs Could Have Demanded Books And Records To Develop Facts https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-For-Pleading Mon, 21 Nov 2016 19:57:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Affirms-Dismissal-For-Pleading Delaware Chancery Court Awards Appraisal Value In Merger Of Pennsylvania-Based Community Banks https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Awards-Appraisal-Value-In Mon, 14 Nov 2016 17:26:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Awards-Appraisal-Value-In Delaware Chancery Court Relies On Deal Emails To Interpret An Ambiguous Non-Compete Covenant In A Stock Purchase Agreement, Reverses A Preliminary Injunction And Permits Recovery Of Loss Suffered Therefrom https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Relies-On-Deal-Emails-To- Mon, 07 Nov 2016 18:15:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Relies-On-Deal-Emails-To- Southern District Of Texas Dismisses Securities Claims For Purported Proxy Misstatements And Omissions Because Other Disclosures Contained In The Proxy And Prior SEC Filings Rendered At-Issue Information Immaterial https://www.lit-ma.aoshearman.com/Southern-District-Of-Texas-Dismisses-Securities-Claims Mon, 31 Oct 2016 18:58:00 GMT https://www.lit-ma.aoshearman.com/Southern-District-Of-Texas-Dismisses-Securities-Claims Shareholder Fails To Demonstrate Demand Futility Because Allegations Did Not Plead That Board Consciously Ignored Supposed Red Flags Regarding BSA/AML Controls https://www.lit-ma.aoshearman.com/Shareholder-Fails-To-Demonstrate-Demand-Futility- Mon, 24 Oct 2016 19:29:00 GMT https://www.lit-ma.aoshearman.com/Shareholder-Fails-To-Demonstrate-Demand-Futility- Delaware Chancery Dismisses Cash-Out Merger Challenge, Holding That Informed Stockholder Vote Triggered Business Judgment Review Notwithstanding "Disquieting" Allegations https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Cash-Out-Merger-Challenge Mon, 17 Oct 2016 19:28:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Dismisses-Cash-Out-Merger-Challenge Delaware Chancery Court Dismisses Challenge To Controlling Stockholder Take-Private Deal https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Challenge-To-Controlling-Shareholder Mon, 17 Oct 2016 19:25:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Challenge-To-Controlling-Shareholder Delaware Chancery Court Declines To Apply Revlon Or Unocal Scrutiny To Board Adoption Of Dissolution Plan https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Apply-Revlon-or-Unocal-Scrutiny Tue, 11 Oct 2016 19:24:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Declines-To-Apply-Revlon-or-Unocal-Scrutiny Delaware Chancery Court Dismisses Post-Closing Merger Challenge Alleging Inadequate Disclosures Of Projections And Financial Advisor Fees https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Merger Mon, 03 Oct 2016 21:13:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Dismisses-Post-Closing-Merger Third Circuit Halts Pennsylvania Hospital Merger On Antitrust Grounds, Reversing Previous Loss By FTC https://www.lit-ma.aoshearman.com/Third-Circuit-Halts-Pennsylvania-Hospital-Merger- Mon, 03 Oct 2016 13:16:00 GMT https://www.lit-ma.aoshearman.com/Third-Circuit-Halts-Pennsylvania-Hospital-Merger- Delaware Court Of Chancery Denies Litigation Financier's Request For Litigation Fees, Notwithstanding Benefit To Company https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Litigation-Financiers-Request Mon, 26 Sep 2016 17:19:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Denies-Litigation-Financiers-Request Delaware Court Of Chancery Holds Duke Energy Stockholders' Derivative Suit Following Ouster Of CEO Partially Barred By Collateral Estoppel As A Result Of An Earlier Dismissal In North Carolina https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Duke-Energy-Stockholders-Suit Mon, 19 Sep 2016 19:21:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-Duke-Energy-Stockholders-Suit Delaware Chancery Court Rejects Books And Records Demand Concerning Board's Alleged Failure To Properly Account For U.S. Tax Liabilities On Foreign Earnings https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Rejects-Books-And-Records-Demand-Earnings Mon, 12 Sep 2016 13:27:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Rejects-Books-And-Records-Demand-Earnings Delaware Chancery Court Issues Back-to-Back Decisions Regarding the Application Of Corwin Liability Shield In Post-Closing Merger Challenges https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Issues-Back-to-Back-Decisions-Regarding-Merger-Challenges Tue, 06 Sep 2016 19:20:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Issues-Back-to-Back-Decisions-Regarding-Merger-Challenges Central District of California Denies Motion to Set Aside Judgment, Suggesting that Forum-Shopping May Have Motivated Litigants' Conduct https://www.lit-ma.aoshearman.com/Central-District-of-California-Denies-Motion-to-Set-Aside-Judgment Mon, 29 Aug 2016 19:16:00 GMT https://www.lit-ma.aoshearman.com/Central-District-of-California-Denies-Motion-to-Set-Aside-Judgment Delaware Chancery Court Utilizes DCF Method to Determine Fair Value of ISN Software Corp. https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Utilizes-DCF-Method-to-De Mon, 22 Aug 2016 13:31:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Utilizes-DCF-Method-to-De Delaware Court Of Chancery Slashes Attorneys' Fee Request In Mootness Dismissal Context Despite Applying More Lenient Standard Based On Shareholder Benefit https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Slashes-Attorneys-Fee-Request Mon, 15 Aug 2016 19:15:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Slashes-Attorneys-Fee-Request Seventh Circuit Follows Delaware Chancery's Trulia Holding To Reverse Approval Of Settlement In Strike Suit https://www.lit-ma.aoshearman.com/Seventh-Circuit-Follows-Delaware-Chanceryrsquos-Trulia Mon, 15 Aug 2016 13:32:00 GMT https://www.lit-ma.aoshearman.com/Seventh-Circuit-Follows-Delaware-Chanceryrsquos-Trulia Delaware Chancery Applies Entire Fairness Standard, Denies Dismissal of Shareholder Suit Based on Claims that Directors Usurped Corporate Opportunity and Approved Merger to Avoid Liability https://www.lit-ma.aoshearman.com/Delaware-Chancery-Applies-Entire-Fairness-Standard Mon, 08 Aug 2016 19:14:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Applies-Entire-Fairness-Standard Delaware Chancery Court Grants Motion to Dismiss in Caremark Action Against Qualcomm Directors and Officers https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Motion-to-Dismiss-in-Caremark Mon, 08 Aug 2016 19:11:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Motion-to-Dismiss-in-Caremark Ninth Circuit Dismisses Director Defendant from Investor Suit to Cure Jurisdictional Defect, Affirms Dismissal for Failure to Make Demand https://www.lit-ma.aoshearman.com/Ninth-Circuit-Dismisses-Director-Defendant-from-Investor-Suit Mon, 01 Aug 2016 19:09:00 GMT https://www.lit-ma.aoshearman.com/Ninth-Circuit-Dismisses-Director-Defendant-from-Investor-Suit Delaware Court of Chancery Dismisses Most Fiduciary Duty Breach Counterclaims Against Star Athlete Director https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Dismisses-Most-Fiduciary-Duty Mon, 25 Jul 2016 19:08:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Dismisses-Most-Fiduciary-Duty Southern District of New York Grants Partial Summary Judgment Rejecting Successor Liability in Copyright Infringement Dispute https://www.lit-ma.aoshearman.com/Southern-District-of-New-York-Grants-Partial-Summary Mon, 25 Jul 2016 16:33:00 GMT https://www.lit-ma.aoshearman.com/Southern-District-of-New-York-Grants-Partial-Summary Delaware Chancery Court Grants Appraisal Rights to Shareholders in DFC Global Corporation Following Acquisition by Private Equity Fund https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Appraisal-Rights-to-shareholders Mon, 18 Jul 2016 13:42:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Appraisal-Rights-to-shareholders Delaware Court Of Chancery Holds That Business Judgment Rule Applies When Informed Majority Of Stockholders Tenders Shares In A Two-Step Merger https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Business-Ju Mon, 11 Jul 2016 19:05:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-Of-Chancery-Holds-That-Business-Ju Delaware Chancery Denies Williams' Request to Enjoin ETE from Terminating $38 Billion Deal https://www.lit-ma.aoshearman.com/Delaware-Chancery-Denies-Williamsrsquo-Request-to Mon, 04 Jul 2016 16:32:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Denies-Williamsrsquo-Request-to Delaware Court of Chancery Rejects the Imposition of Non-Competition Restrictions on Selling Shareholders in Context of a Forced Sale https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Rejects-the-Imposition Mon, 27 Jun 2016 13:44:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Rejects-the-Imposition Delaware Court of Chancery Finds Suit against Lululemon Chairman and Board Is Precluded by Previous Dismissal of New York Lawsuit https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Finds-Suit-against-Lul Mon, 20 Jun 2016 19:00:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Finds-Suit-against-Lul Northern District of Illinois Denies FTC's Bid To Enjoin Chicago Hospital Merger https://www.lit-ma.aoshearman.com/Northern-District-of-Illinois-Denies-FTCrsquos-Bi Mon, 20 Jun 2016 13:46:00 GMT https://www.lit-ma.aoshearman.com/Northern-District-of-Illinois-Denies-FTCrsquos-Bi Delaware Court of Chancery Invokes Equitable Exception to Rule That Demand Futility Is Assessed as of the Time Complaint Is Filed https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Invokes-Equitable-Exce Tue, 07 Jun 2016 15:07:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Court-of-Chancery-Invokes-Equitable-Exce Delaware Chancery Court Grants Appraisal Petition After Finding Dell MBO Transaction Provided Stockholders Less Than Fair Value https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Appraisal-Petition Tue, 07 Jun 2016 13:46:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Grants-Appraisal-Petition Delaware Chancery Court Finds "Bad Faith" Claims Actionable Against Disinterested, Independent Directors Only When the Action Complained of Is "Otherwise Inexplicable" https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-ldquoBad-Faithrdquo Tue, 31 May 2016 13:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Finds-ldquoBad-Faithrdquo Delaware Chancery Court Enjoins Directors From Implementing Board Reduction Plan https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Enjoins-Directors-From-Im Tue, 31 May 2016 13:48:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Court-Enjoins-Directors-From-Im Delaware Supreme Court Concludes "Holder Claims" Are Direct But Questions Viability Under Delaware Law https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Concludes-ldquoHolder-Clai Tue, 31 May 2016 13:47:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Concludes-ldquoHolder-Clai Delaware Chancery Bars Appraisal Claims Where Evidence from Third Parties Confirms Appraisal Shares Were Voted in Favor of the Transaction https://www.lit-ma.aoshearman.com/Delaware-Chancery-Bars-Appraisal-Claims-Where-Evi Mon, 23 May 2016 13:49:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Chancery-Bars-Appraisal-Claims-Where-Evi Delaware Derivative Action Barred by Dismissal of Competing Action in Arkansas https://www.lit-ma.aoshearman.com/Delaware-Derivative-Action-Barred-by-Dismissal-of Mon, 23 May 2016 13:49:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Derivative-Action-Barred-by-Dismissal-of Federal Court Declines To Enjoin Hospital Merger Finding the FTC's Proposed Market "Impermissibly Narrow" https://www.lit-ma.aoshearman.com/Federal-Court-Declines-To-Enjoin-Hospital-Merger- Mon, 23 May 2016 13:49:00 GMT https://www.lit-ma.aoshearman.com/Federal-Court-Declines-To-Enjoin-Hospital-Merger- Government Wins Again In Bid To Stem the Wave of Industry Consolidation, Obtains Preliminary Injunction Against Staples-Office Depot Merger https://www.lit-ma.aoshearman.com/Government-Wins-Again-In-Bid-To-Stem-the-Wave-of- Mon, 16 May 2016 13:52:00 GMT https://www.lit-ma.aoshearman.com/Government-Wins-Again-In-Bid-To-Stem-the-Wave-of- Delaware Supreme Court Holds Approval of Deal by Disinterested, Informed Stockholders Requires Dismissal of Aiding-and-Abetting Claims Against M&A Advisor https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Approval-of-Deal-by- Mon, 16 May 2016 13:51:00 GMT https://www.lit-ma.aoshearman.com/Delaware-Supreme-Court-Holds-Approval-of-Deal-by- The New York Court of Appeals Adopts Delaware's Standard for Evaluating Shareholder Class Actions Challenging Going-Private Mergers https://www.lit-ma.aoshearman.com/The-New-York-Court-of-Appeals-Adopts-Delawarersqu Mon, 09 May 2016 16:35:00 GMT https://www.lit-ma.aoshearman.com/The-New-York-Court-of-Appeals-Adopts-Delawarersqu Fiduciary Duty Claims on Behalf of Master Limited Partnership Against General Partner Dismissed as a Result of Delaware's Flexible Limited Partnership Regulations, Notwithstanding "Harsh" Consequences https://www.lit-ma.aoshearman.com/Fiduciary-Duty-Claims-on-Behalf-of-Master-Limited Mon, 09 May 2016 13:53:00 GMT https://www.lit-ma.aoshearman.com/Fiduciary-Duty-Claims-on-Behalf-of-Master-Limited New York Follows Delaware, Applies Business Judgment Rule to Going-Private Mergers https://www.lit-ma.aoshearman.com/New-York-Follows-Delaware-Applies-Business-Judgment Mon, 09 May 2016 13:52:00 GMT https://www.lit-ma.aoshearman.com/New-York-Follows-Delaware-Applies-Business-Judgment OptimisCorp v. Waite, No. 523, 2015 (Del. Apr. 25, 2016) https://www.lit-ma.aoshearman.com/OptimisCorp-v-Waite-No-523-2015-Del-Apr-25-2016 Mon, 02 May 2016 13:56:00 GMT https://www.lit-ma.aoshearman.com/OptimisCorp-v-Waite-No-523-2015-Del-Apr-25-2016 Genuine Parts Co. v. Cepec, 2016 WL 1569077 (Del. Apr. 18, 2016) https://www.lit-ma.aoshearman.com/Genuine-Parts-Co-v-Cepec-2016-WL-1569077-Del-Apr- Mon, 02 May 2016 13:55:00 GMT https://www.lit-ma.aoshearman.com/Genuine-Parts-Co-v-Cepec-2016-WL-1569077-Del-Apr- Caskey v. OpKo Health Inc., C.A. No. 11415-VCS, hearing (Del. Ch. Apr. 22, 2016) https://www.lit-ma.aoshearman.com/Caskey-v-OpKo-Health-Inc-CA-No-11415-VCS-hearing- Mon, 02 May 2016 13:54:00 GMT https://www.lit-ma.aoshearman.com/Caskey-v-OpKo-Health-Inc-CA-No-11415-VCS-hearing-