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New Jersey Supreme Court Affirms the Proper Scope of Shareholders’ Right to Inspect Books and Records

USA - June 17 2019 The New Jersey Supreme Court affirmed per curiam the Appellate Division’s decision in R.A. Feur v. Merck & Co., Inc. and its strict adherence to the…

Stephanie A.Pisko, Sarah E.Delia, Clement Farley, Travis J. Ferguson, Michael P. Kelly, William D. Wallach, Steven P. Wood

Delaware Law Update—Delaware High Court to Address Propriety of Trading Price as Proxy for Fair Value in Aruba Appraisal

USA - March 29 2019 In May 2015, Hewlett-Packard Company purchased Aruba Networks Inc. (“Aruba”) in a deal that paid Aruba’s stockholders $24.67 in cash per share…

Philip D. Amoa, David F. Broderick, Daniel J. Brown, Bernard C. Devieux, Sarah E.Delia, Travis J. Ferguson, Alexandra M. Joyce, Michael P. Kelly, Hayley J. Reese

Delaware Law Update—Don’t Forget to Consider this Simple Delaware Law Principle Before Taking Corporate Action

USA - March 29 2019 Applied Energetics, Inc. v. George Farley, et al., C.A. No. 2018-0489-TMR (Del. Ch. Jan. 24, 2019) (Montgomery-Reeves, V.C.). The Court of Chancery…

Philip D. Amoa, David F. Broderick, Daniel J. Brown, Bernard C. Devieux, Sarah E.Delia, Travis J. Ferguson, Alexandra M. Joyce, Michael P. Kelly, Hayley J. Reese

Delaware Law Update—Court of Chancery Holds No Personal Jurisdiction over Lessors on a Leaseback Related to a Stock Purchase Agreement

USA - March 26 2019 In Plaze, Inc. and Apollo Aerosol Industries LLC v. Chris K. Callas et al., the Court of Chancery ruled that a stock purchase agreement’s (SPA)…

Philip D. Amoa, David F. Broderick, Daniel J. Brown, Bernard C. Devieux, Sarah E.Delia, Alexandra M. Joyce, Michael P. Kelly, Hayley J. Reese

Delaware Law Update: When Navigating Stormy Waters, Directors Must Steer the Ship Toward the Best Interests of Stockholders

USA - March 11 2019 The Delaware Court of Chancery denied a motion to dismiss a class action brought by stockholders of Tangoe, Inc., arising from a take-private sale of…

Philip D. Amoa, David F. Broderick, Daniel J. Brown, Bernard C. Devieux, Alexandra M. Joyce, Michael P. Kelly, Hayley J. Reese