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Delaware Court of Chancery imposes extreme remedy for failure to produce books and records in Delaware

Herrick Feinstein LLP
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USA
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April 26 2013

A Delaware Court of Chancery decision highlights the importance of complying with the books and records requirements imposed by Section 220 of the

New Jersey enacts legislation to become more business friendly

Herrick Feinstein LLP
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Jersey, USA
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April 26 2013

New Jersey recently enacted a trio of bills intended to make New Jersey more business friendly by conforming certain of its corporate statutes to

New Jersey enacts 10 angel investor tax credit

Herrick Feinstein LLP
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USA
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February 25 2013

Angel investors -- persons who invest in high-risk start-up companies -- are entitled to a tax credit of up to 10 for qualified investments in New

Delaware Court of Chancery refuses to dismiss claims against directors for foreign operations

Herrick Feinstein LLP
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China, USA
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February 25 2013

The Delaware Court of Chancery refused to dismiss a breach of loyalty claim brought by stockholders against the U.S. independent directors of a

Delaware Supreme Court dismisses corporate waste claim

Herrick Feinstein LLP
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USA
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February 25 2013

The Delaware Supreme Court dismissed a stockholder's claim challenging the board of directors' decision to pay over $130 million in executive bonuses

New law brings significant changes to New Jersey LLCs

Herrick Feinstein LLP
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USA
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December 28 2012

The New Jersey Revised Uniform Limited Liability Company Act (the "Act") was recently enacted. The Act represents the first set of significant changes to

Delaware Chancery Court applies contractual analysis to preferred stock claim

Herrick Feinstein LLP
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USA
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October 23 2012

The Delaware Chancery Court ruled against a preferred stockholder that objected to the conversion of the preferred stock into common stock

Delaware Chancery Court finds breach of duty of loyalty by director

Herrick Feinstein LLP
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USA
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October 23 2012

The Delaware Chancery Court ruled in favor of a company in its action brought against a director for breach of the duty of loyalty

Delaware Chancery Court decision highlights importance of precisely drafted preferred stock provisions

Herrick Feinstein LLP
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USA
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August 28 2012

The Delaware Chancery Court found that liquidation preference rights afforded to preferred stockholders did not apply in connection with a "going private" transaction effected by the company's controlling stockholder

FASB seeks comment on private company GAAP

Herrick Feinstein LLP
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USA
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August 28 2012

The Financial Accounting Standards Board ("FASB") has requested comment on a staff paper that outlines an approach for deciding whether and when to modify U.S. generally accepted accounting principles ("GAAP") for private companies