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.

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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.

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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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Delaware update: impact of derivative action dismissals on absent shareholders *

USA - December 13 2012
Concerned that absent shareholders would be unfairly prejudiced, courts have been reluctant to dismiss with prejudice inadequately pleaded derivative actions.

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

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Delaware update: the implied standstill *

USA - May 18 2012
On May 4, 2012, Chancellor Leo E. Strine, Jr. of the Delaware Court of Chancery issued a decision that put the spotlight on confidentiality agreement provisions limiting the use and disclosure of non-public information.

Co-authors: Bryan E. Davis , Andrew M. Levine , Philip Le B. Douglas , Robert C. Micheletto , Michael J. McConnell .

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