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Morris James LLP | USA | 11 Nov 2016
Delaware Superior Court Explains Disgorgement Exclusion In Insurance Coverage
D&O policies often attempt to exclude from coverage sums paid to disgorge unlawful profits. The underlying theory is that...
Morris James LLP | USA | 9 Nov 2016
Court Relies on Fully Informed Uncoerced Stockholder Vote in 'Revlon' Challenge
Vice Chancellor Joseph R. Slights III's decision In re OM Group Stockholders Litigation, Consol. C.A. No. 11216-VCS (Oct. 12, 2016), represents the…
Morris James LLP | USA | 18 Oct 2016
Court Of Chancery Explains Fee Award In Appraisal Case
Plaintiffs' attorneys in representative litigation may obtain awards of fees and expenses when their efforts prove successful and provide benefits…
Morris James LLP | USA | 21 Sep 2016
Del. Forum Non Conveniens Doctrine Doesn't Depend on Adequate Alternative Forum
Corporations sued in Delaware and subject to jurisdiction here sometimes employ the doctrine of forum non conveniens (FNC) to seek dismissal of the…
Morris James LLP | USA | 19 Sep 2016
Court allows defendant to amend its pleadings to add defenses
SunPower Corporation v. PanelClaw, Inc., C.A. No. 12-1633 - MPT, September 19, 2016. Thynge, C. M. J. Defendant’s motion to amend answer to assert…
Morris James LLP | USA | 6 Sep 2016
Court Of Chancery Explains When Prior Dismissal Does Not Preclude Another Derivative Case
This is an important decision because it explains when a prior dismissal of a derivative complaint does not preclude a second complaint alleging a…
Morris James LLP | USA | 6 Sep 2016
Court Of Chancery Denies Inspection When The Board Has An Obvious Defense To A Claim Of Wrongdoing
In general, the bar is low for exercising inspection rights to investigate claims of wrongdoing. Plaintiffs need provide only some evidence to suggest…
Morris James LLP | USA | 2 Sep 2016
Delaware District Court Interprets Amended FRCP
The first Delaware opinion that has been issued that addresses either sanctions or proportionality under the new Federal Rules is GN Netcom, Inc. v…
Morris James LLP | USA | 31 Aug 2016
Court Of Chancery Again Explains Scope Of The Corwin Doctrine
This is one of two recent Court of Chancery decisions explaining that the Corwin case really does mean that there is an “irrebuttable business…
Morris James LLP | USA | 31 Aug 2016
Advancement Rights of Present and Future Officers Under LLC Agreement
Advancement and indemnification rights are vital in attracting the best and brightest individuals to serve as managers of Delaware entities. Those…
