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Results: 1-10 of 19

Missouri court holds that economic loss doctrine bars plaintiff's tort claims

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 16 2012

A Missouri district court recently ruled that a negligent misrepresentation claim was barred by the economic loss doctrine in a case involving a merchant-to-merchant sale of allegedly defective products

Delaware standing requirements do not apply to derivative suit involving Spanish corporation's Delaware subsidiary

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • January 6 2012

The plaintiff, Sagarra Inversiones, S.L. (Sagarra), the minority shareholder in Corporación Uniland S.A. (Uniland), a Spanish Corporation, sought to rescind the sale to Uniland of Giant Cement Holdings, Inc. (Giant), a company controlled by the defendant, Cementos Portland Valderrivas (CPV), the majority shareholder of Uniland

Pennsylvania district court holds Swiss corporation is not alter ego of US corporation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 21 2011

The plaintiff, a corporation seeking to recover outstanding debts incurred by TCI Trans Commodities A.G. (TCI Switzerland), a bankrupt Swiss entity, sued Trans Commodities, Inc. (TCINY), a New York corporation, to collect the debt

Creditors of insolvent limited liability companies cannot sue derivatively

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 9 2011

The Supreme Court of Delaware recently held that creditors of insolvent Delaware limited liability companies (LLCs) lack standing to bring derivative suits on behalf of the LLCs

Seventh Circuit cuts damages award due to lack of evidence of lost profits

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 9 2011

The U.S. Court of Appeals for the Seventh Circuit dramatically reduced damages awarded to a defunct internet marketing company, finding that the company squandered its opportunity to provide a reasonable estimate of the harm it suffered as a result of the defendant’s conduct

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

Court finds Martin Act does not preempt non-fraud tort claims

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • July 22 2011

Plaintiffs brought claim in New York federal court for common law fraud, negligent misrepresentation, and breach of fiduciary duty against Defendant ThinkStrategy Capital Management, LLC ("ThinkStrategy"), a "fund of funds" in which plaintiffs invested

Delaware has jurisdiction over corporation based on claims arising out of performance of predecessor's contracts

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 10 2011

The Superior Court of Delaware recently denied a motion to dismiss for lack of personal jurisdiction, holding that, following a merger, the defendant corporation continued to transact business within Delaware and, in connection with that business, caused injury within the state

Directors' bonuses tied to sale rendered them interested

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 10 2011

The Delaware Court of Chancery sustained in part the claims of a plaintiff investor challenging a company's sale of its primary asset based upon allegations that the vote of the individual director defendants approving the sale was tainted by bonuses they received tied to that sale

Delaware court authorizes new theory of tortious interference with contract

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

Deciding an issue of first impression, the Superior Court of Delaware recently authorized the assertion of claims based on a new theory of tortious interference with contract, but ruled that the plaintiff failed to state a claim under that theory