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2021 Amendments to Delaware Corporate Law and Alternative Entity Statutes

USA - August 13 2021 The 2021 amendments to the Delaware General Corporation Law (the DGCL), the Delaware Revised Uniform Partnership Act (the DRUPA), the Delaware…

Scott J. Seger

Under Merger Agreement, “All Amounts Outstanding” Did Not Include Debt Forgiveness

USA - August 14 2020 The Delaware Court of Chancery—in RoundPoint Mortgage Servicing Corporation, et al. V. Freedom Mortgage Corporation, et al. 07/22/2020, CA No…

Definitions Matter: Indirect Equity Holder of Delaware LLC not Bound by ROFR

USA - August 3 2020 In this case, the Delaware Supreme Court—in Borealis Power Holdings Inc. v. Hunt Strategic Utility Investment, L.L.C., Del. Supr., No. 68, 2020 (May…

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…

David F. Broderick, Daniel J. Brown, Bernard C. Devieux, Andrew S. Dupre, 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…

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