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Delaware Court upholds transfer of voting interests to an existing LLC member

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 12 2011

The Delaware Court of Chancery has upheld the assignment of a Delaware limited liability company membership interest, including the voting rights associated with that interest, to an existing member of the LLC

Delaware Chancery Court upholds Airgas's poison pill

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 18 2011

The Delaware Chancery Court recently upheld the use of a shareholder rights plan, or “poison pill,” by Airgas, Inc. (Airgas) to ward off a hostile takeover attempt by Air Products and Chemicals, Inc. (Air Products

Alleged financial distress insufficient to support grant of preliminary injunction

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 15 2011

The Delaware Court of Chancery denied a request for a preliminary injunction, finding that allegations of "financial distress" failed to demonstrate the imminent, irreparable harm required to obtain immediate injunctive relief

Seller entitled to post-closing bonus payment despite changes to transaction terms

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 13 2012

The Delaware Supreme Court recently reversed a Superior Court’s grant of summary judgment in a case involving the sale of a renewable energy business