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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
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 revised uniform Limited Liability Company Act
- Herrick Feinstein LLP
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- USA
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- March 27 2013
As reported in our December Corporate Alert, the New Jersey Revised Uniform Limited Liability Company Act took effect on March 18, 2013. The Act
Delaware Court of Chancery enjoins board from resisting hostile consent solicitation
- Herrick Feinstein LLP
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- USA
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- March 27 2013
The Delaware Court of Chancery has preliminarily enjoined the board of SandRidge Energy, Inc. ("SandRidge"), an oil and natural gas business, from
Written consent of shareholder is invalid if corresponding exhibit not provided
- Herrick Feinstein LLP
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- USA
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- March 27 2013
Section 228(a) of the Delaware General Corporation Law provides that shareholders can take action without a meeting, prior notice, or vote if
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 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 imposes default fiduciary duties upon managing member of a limited liability company
- Herrick Feinstein LLP
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- USA
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- January 28 2013
The Delaware Court of Chancery has often held that managers of a Delaware limited liability company are subject to "default" fiduciary duties. The
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
