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Delaware Law Updates - Delaware Supreme Court Rejects Over Expansive Application Of True-Up Provision In Purchase Agreement

USA - July 21 2017 The Delaware Supreme Court reversed the Court of Chancery’s entry of judgment on the pleadings based on a flawed interpretation of the purchase...

Richards, R. Andrew, Daniel J. Brown, Selzer, Christopher A., Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, David F. Broderick, Rifino, Matthew.


Delaware Law Updates - Delaware Court of Chancery Upholds Continuous Ownership Rule in Dismissing Derivative Claims of Mismanagement

USA - July 7 2017 The Delaware Court of Chancery granted the defendants’ motion to dismiss the complaint based on the continuous ownership rule. Despite the plaintiffs’...

Richards, R. Andrew, Selzer, Christopher A., Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, Daniel M. Silver, David F. Broderick, Rifino, Matthew.


Delaware Law Updates - TransPerfect’s Controversial Business Divorce Continues, Illustrating the Need for LLC Operating Agreements

USA - July 6 2017 Many have heard of the highly publicized litigation involving TransPerfect Global, Inc. ("TransPerfect" or the "Company"), a Delaware corporation and...

Richards, R. Andrew, Daniel J. Brown, Selzer, Christopher A., Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, Daniel M. Silver, David F. Broderick, Rifino, Matthew.


Venture Capital Firms and Founders Should Heed Delaware Court Decision

USA - June 23 2017 Venture capital firms and founders of companies should take note of a recent important ruling from the Delaware Court of Chancery. In a case of first...

Rifino, Matthew.


Delaware Law Updates - Appraisal Arbitrage Risk; Delaware Court Finds Fair Value to Be Lower Than Merger Price

USA - June 6 2017 On May 30, 2017, the Delaware Court of Chancery delivered a rare opinion, stating an appraisal price may be lower than a merger price, to a plaintiff...

Richards, R. Andrew, Daniel J. Brown, Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, David F. Broderick, Rifino, Matthew.