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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, Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, David F. Broderick, Rifino, Matthew, Philip D. Amoa.


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, Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, Daniel M. Silver, David F. Broderick, Rifino, Matthew, Philip D. Amoa.


Delaware Law Updates - Delaware Court of Chancery Affirms Fraud Exception to Parties’ Contractual Allocation of Risk

USA - May 31 2017 The Delaware Court of Chancery honored the well-settled policy against fraud and its limitation on parties’ freedom of contract in the context of...

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


Delaware Law Updates - The Steadfast Refusal of the Delaware Courts to Grant Creditors Quasi-Standing to Assert Fiduciary Claims at Insolvency

USA - May 3 2017 In Trusa v. Nepo, et al. (Xion Management, LLC), Del. Ch. C.A. No. 12071-VCMR (April 13, 2107), the Delaware Court of Chancery again fortified the...

Richards, R. Andrew, Daniel J. Brown, Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, Daniel M. Silver, David F. Broderick, Philip D. Amoa.


Delaware Supreme Court Redefines Contractual Good-Faith Standard and Cautions Limited Partners That Their Obligations Under the LPA Can Be Enlarged without Their Consent

USA - April 27 2017 Brinckerhoff v. Enbridge Energy Company Inc., Del. Supr., No. 273, 2016 (Mar. 20, 2017; revised Mar. 28, 2017) is the fifth opinion issued by the...

Richards, R. Andrew, Daniel J. Brown, Andrew S. Dupre, Michael P. Kelly, Hayley J. Reese, Benjamin A. Smyth, Daniel M. Silver, David F. Broderick, Philip D. Amoa.