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Chancery amends rules governing motion practice

USA - July 11 2017 Effective August 1, 2017, an amendment to Court of Chancery Rule 171(f) will go effective, setting forth word limitations for non-dispositive motions…

F-squared investment management - avoidance actions filed

USA - July 9 2017 On July 6-7, 2017, Craig Jalbert, in his capacity as Trustee for F2 Liquidating Trust, filed approximately 187 complaints seeking the avoidance and…

The Original Soupman, Inc. files for chapter 11 protection in Delaware

USA - June 16 2017 On June 13, 2017, The Original Soupman, Inc. and its affiliates (collectively “Debtors” or “Original Soupman”) commenced voluntary bankruptcy…

Preference actions filed in draw another circle bankruptcy

USA - June 16 2017 On June 15, 2017, Curtis R. Smith, as Liquidating Trustee of the Hastings Creditors’ Liquidating Trust, filed approximately 69 complaints seeking the…

Sections 204 and 205 of the DGCL cannot remedy unauthorized corporate acts

USA - June 11 2017 In a matter of first impression, the Court of Chancery considered whether an “unauthorized” act-one that the majority of stockholders entitled to…