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Delaware update: Supreme Court awards expectation damages for failure to negotiate in good faith

USA - July 9 2013 In a case involving the breach of an express obligation to negotiate a license in good faith based on a preexisting term sheet, the Delaware Supreme…

Co-authors: Michael L. Davitt, William S. Freeman , Robert A. Profusek, Philip Le B. Douglas , Scott Fletcher.


Delaware update: Court of Chancery upholds validity of board-adopted forum selection bylaws

USA - June 28 2013 In a highly anticipated decision, the Delaware Court of Chancery has upheld the validity of board-adopted forum selection bylaws. If upheld on…

Co-authors: William S. Freeman , Robert A. Profusek, Philip Le B. Douglas , Lyle G. Ganske, Scott Fletcher.


Derivative claims dismissed elsewhere cannot be relitigated in Delaware

USA - April 19 2013 Last June, the Delaware Court of Chancery ruled that a shareholder derivative suit could be litigated in Delaware even after an identical claim had…

Co-authors: Michael L. Davitt, William S. Freeman , Robert W. Gaffey, Philip Le B. Douglas , Scott Fletcher.


Delaware update: Chancellor Strine proposes new approach to multijurisdictional shareholder litigation

USA - February 8 2013 In a January 22, 2013 article, Chancellor Leo E. Strine, Jr. Of the Delaware Court of Chancery (along with his coauthors) argues that place of…

Co-authors: Michael L. Davitt, Robert S. Faxon, Walter W. Davis , Philip Le B. Douglas , Louis A. Chaiten.


Delaware update: LLC managers have fiduciary duties

USA - December 28 2012 In a recent decision, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery held that limited liability company managers are subject to…

Co-authors: Michael L. Davitt, Robert S. Faxon, Walter W. Davis , Philip Le B. Douglas , Louis A. Chaiten.

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