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Zuckerberg ruling combines long-standing rales and Aronson tests for demand futility into a single “universal” test

USA - November 19 2021 The Delaware Supreme Court has affirmed a new “universal” three-part demand futility test in the case captioned United Food and Commercial Workers v…

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, Andrew S. Dupre, 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, Andrew S. Dupre, 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, Andrew S. Dupre, 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, Andrew S. Dupre, Alexandra M. Joyce, Michael P. Kelly, Hayley J. Reese