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The benefits and challenges of forum selection bylaws
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- March 16 2011
In the past year, a number of companies have amended their bylaws to require that shareholder derivative lawsuits are resolved in the Delaware Chancery Court
Teaming agreements called into question under Virginia law
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- April 29 2013
In 1997, the Virginia Supreme Court sent a chill down the spines of many companies operating under teaming agreements with a Virginia choice of law
Court of Appeal finds the phrase "other good and valuable consideration" in a contract to be clear and unambiguous statement
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- March 6 2013
In Schron v. Troutman Saunders LLP, 2013 NY Slip Op 00952 (N.Y. Feb 24, 2013), the New York Court of Appeals held that the phrase "other good and
Supreme Court issues judicial interpretation to define foreign-related civil relationships
- Sheppard Mullin Richter & Hampton LLP
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- China
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- February 21 2013
The People's Supreme Court issued a Judicial Interpretation on December 28, 2012, made effective on January 7, 2013, regarding the application of the
Delaware Supreme Court reverses Chancery Court dismissal of derivative plaintiff's Section 220 books and records action
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- February 4 2011
In King v. VeriFone Holdings, Inc., No. 330, 2010, 2011 WL 284966 (Del. Jan. 28, 2011), the Supreme Court of the State of Delaware reversed a decision by the Court of Chancery dismissing a derivative plaintiff’s action under Section 220 of the Delaware General Corporation Law seeking books and records of a Delaware corporation
New York Court of Appeals holds upholds broad choice of New York law provision in contract even in absence of contacts with New York
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- January 28 2013
In IRB-Brasil Resseguros, S.A. v. Inepar Investments, S.A., No. 191, 2012 WL 6571286 (N.Y. Dec. 18, 2012), the Court of Appeals of the State of New
California Supreme Court resolves Court of Appeal split, holding that Section 2010 of the California Corporations Code -- California's "Survival Statute" -- does not apply to foreign corporations
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- February 27 2013
In Greb v. Diamond Int'l Corp., 2013 WL 628328 (Cal. Feb. 21, 2013), the California Supreme Court unequivocally and unanimously laid to rest the
California Court of Appeal clarifies breach of warranty law in class actions and vacates order certifying class of consumers in American Honda Motor Company, Inc. v. Superior Court
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- December 9 2011
In American Honda Motor Company, Inc. v. Superior Court of Los Angeles County, 199 Cal. App. 4th 1367 (2011), the California Court of Appeal for the Second Appellate District clarified that, under California law, a party moving for class certification in a breach of warranty action must provide “substantial evidence of a defect that is substantially certain to result in malfunction during the useful life of the product.”
California Court of Appeal clarifies fiduciary duties when a company is insolvent or nearing insolvency
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- January 8 2010
Directors of California corporations have, for years, struggled to understand the scope of their fiduciary duties when a corporation is insolvent versus when a corporation is in the "zone of insolvency."
California Court of Appeal applies three-year limitation under Delaware law to claim against dissolved Delaware corporation
- Sheppard Mullin Richter & Hampton LLP
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- USA
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- May 10 2010
In Greb v. Diamond Int’l Corp., 2010 Cal. App. LEXIS 566 (Cal. App. 1st Dist. Apr. 26, 2010), the California Court of Appeal for the First District affirmed the trial court’s dismissal of a personal injury claim against a dissolved Delaware corporation, holding that the claim was filed more than three years after dissolution of the corporation in violation of Delaware General Corporation Law Section 278
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