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Delaware Court of Chancery Finds Oral Agreement to Form a Joint Venture Enforceable

USA - February 18 2021 In Leonard F. Iacono Sr. Et al. V. Estate of Joseph M. Capano et al, C.A. No. 11841-VCL (Del. Ch. June 29, 2020), the Delaware Court of Chancery…

Scott E. Waxman.

Delaware Court of Chancery Finds Valuation of Stock Alone is Sufficient to Support Books and Records Request

USA - October 20 2020 In Avery L. Woods Trust v. Sahara Enterprises, Inc., C.A. No. 2020-0153-JTL (Del. Ch. July 22, 2020), the Delaware Court of Chancery (the “Court”)…

Joanna Diakos.

Delaware Court of Chancery Imposes Charging Order on Distributions Related to Defendant’s LLC Membership Interest

USA - June 18 2020 In GFM ELCM Fund L.P. Et al. V. ELCM HCRE GP LLC et al., C.A. No. 2018-0840-SG (Del. Ch. May 18, 2020), the Delaware Court of Chancery issued a…

Scott E. Waxman.

Court of Chancery Finds Deal Price Exceeded Fair Value, but Company Nonetheless Not Entitled to Refund for Prepayment of Deal Price to Dissenting Stockholders

USA - March 31 2020 In a Memorandum Opinion in the case of In re Appraisal of Panera Bread Company, C.A. No. 2017-0593-MTZ (Del. Ch. Jan. 31, 2020), the Delaware Court…

Eric Freedman.

Directors Breach Fiduciary Duties in Coercive Self-Tender

USA - March 9 2020 In Robert A. Davidow v. LRN Corporation, et al., C.A. No. 2019-0150-MTZ (Del. Ch. Feb. 25, 2020), the Delaware Court of Chancery denied a motion to…

Annette Becker.