Delaware Court of Chancery enjoins unsolicited offer for violation of confidentiality agreement *

USA - May 7 2012
In Martin Marietta Materials, Inc. v. Vulcan Materials Company, the Delaware Court of Chancery enjoined Martin Marietta from continuing its unsolicited exchange offer for, and proxy contest against, Vulcan for four months because Martin Marietta violated its confidentiality agreement with Vulcan.

Court of Chancery permanently enjoins sale that would violate trust indentures *

USA - March 12 2012
In In re BankAtlantic Bancorp, Inc. Litig., the Delaware Court of Chancery permanently enjoined the acquisition of BankAtlantic, a federal savings bank (“BankAtlantic”), from its bank holding company parent BankAtlantic Bancorp (“Bancorp”) by BB&T Corporation because the transaction would run afoul of the standard successor obligor provisions of the indentures related to Bancorp's trust preferred stock (“TruPS”).

Co-authors: Frances F. Mi, Stephen P. Lamb, Robert B. Schumer, Paul D. Ginsberg, Justin G. Hamill.

Delaware Court of Chancery affirms use of stockholder rights plan *

USA - August 25 2010
In Yucaipa American Alliance Fund II, LP v Riggio, the Delaware Court of Chancery upheld the implementation of a stockholder rights plan by the board of directors of Barnes & Noble, Inc.

Co-authors: Frances F. Mi, Stephen P. Lamb, Ariel J. Deckelbaum.