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New York Appellate Division rules e-mail creates enforceable agreement

USA - October 24 2013 The New York Appellate Division of the Second Department held that an e-mail sent by an agent for a car insurance company constituted an enforceable…

Daniel A. Etna.

SEC amends broker-dealer reporting and financial responsibility rule

USA - September 27 2013 The SEC recently amended the net capital rule, customer protection rule, and recordkeeping and reporting rules applicable to registered…

Edward Stevenson.

Delaware Court of Chancery holds merger decision satisfied the entire fairness standard despite common stockholders not receiving consideration

USA - September 27 2013 In July 2005, TRADOS Inc. was acquired for $60 million. Under the company's certificate of incorporation, the acquisition constituted a liquidation…

Edward Stevenson.

Party's long delays, changes of position, and loss of appetite for deal did not constitute failure to negotiate in good faith

USA - September 27 2013 In the latest installment of the litigation between L-7 Designs and Old Navy, the Unites States District Court for the Southern District of New York…

Edward Stevenson.

Delaware Court of Chancery addresses bad faith claims

USA - September 27 2013 The Delaware Chancery Court recently addressed the relationship between fiduciary duties and contractual obligations. A former employee and…

Edward Stevenson.