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Results: 1-8 of 8

District court rejects SEC argument that general partnership interests in joint ventures are securities

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 14 2012

The Securities and Exchange Commission brought an enforcement action against defendant Geodymanics, Inc. and others alleging fraud in connection with four oil and gas exploration and drilling ventures, each of which was governed by a separate but comparable joint venture agreement

Delaware Chancery Court grants reformation of contract to reflect prior email agreement

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 8 2012

Vice Chancellor Laster of the Delaware Court of Chancery ordered reformation of a joint venture agreement where plaintiff ASB Allegiance Real Estate Fund (ASB) proved at trial, by clear and convincing evidence, that the compensation terms agreed to with defendant Scion Breckenridge Managing Member, LLC (Scion) were not accurately reflected in the parties’ final executed contract

Court of Chancery analyzes class conflicts for certification

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

The Delaware Court of Chancery granted a motion to certify a class of investor plaintiffs in a limited liability company, dismissing a claim raised by the defendant manager that there was a conflict of interest among class members

Delaware Chancery Court rejects unsupported fraudulent inducement defense

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 11 2011

The Delaware Chancery Court rejected a defendant's fraud in the inducement defense where, at the summary judgment stage, the defendant (a) failed to come forward with specific facts showing that the counterparty knowingly made false statements and (b) did not make a proper showing under Rule 56 as to why additional discovery was warranted

Chancery court denies Dollar Thrifty stockholder motion for preliminary injunction

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 17 2010

On September 8, the Delaware Court of Chancery denied a motion for a preliminary injunction to prevent the consummation of a merger plan, pursuant to which Hertz Global Holdings, Inc. will buy all the shares of rental car competitor Dollar Thrifty Automotive Group, Inc

Craigslist poison pill and right of first refusal rescinded by Delaware Chancery Court

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • September 17 2010

On September 9, the Delaware Court of Chancery issued its decision in eBay Domestic Holdings, Inc. v. Newmark, et al., which arose from a dispute between eBay and craigslist concerning eBay’s decision to compete with craigslist in the online classifieds business while at the same time owning a substantial minority stake in craigslist

Delaware rules on shareholder access to corporate books and records

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 20 2010

Shareholder Westland Police & Fire Retirement System brought an action under Section 220 of the Delaware General Corporate Law to review the books and records of Axcelis Technologies, Inc

Delaware Chancery Court rules on use of poison pills

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • March 5 2010

On February 26, the Delaware Chancery Court issued its long-awaited opinion in the case of Selectica, Inc. v. Versata Enterprises, Inc