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10,527 results found

Article

Shearman & Sterling LLP | USA | 10 May 2021

Just deserts…Delaware Court of Chancery orders closing of cake supplier acquisition

On April 30, 2021, then-Vice Chancellor Kathaleen McCormick of the Delaware Court of Chancery struck a "victory for deal certainty" in Snow Phipps…
Article

Reed Smith LLP | USA | 5 May 2021

Delaware Court of Chancery denies motion to dismiss despite mandatory New York forum selection clause

In Seokoh, Inc. v. Lard-PT, LLC, the Delaware Court of Chancery retained jurisdiction over a contract dispute and dissolution claim involving a…
Article

Reed Smith LLP | USA | 5 May 2021

Delaware Court of Chancery finds implied covenant inferred from express contract terms

In the Delaware Court of Chancery’s recent decision, Slingshot Technologies, LLC v. Acacia Research Corp., C.A. No. 2019-0722-JTL (Del. Ch. Mar. 29…
Article

K&L Gates LLP | USA | 5 May 2021

If a Contract Claim Walks and Talks like a Contract Claim, It is a Contract Claim

In Transdev on Demand, Inc. v. Blackstreet Investment Holdings, LLC, C.A. No. 2019-0912-SG (Del. Ch. 2020), the Delaware Court of Chancery granted in…
Article

Reed Smith LLP | USA | 5 May 2021

Delaware Supreme Court affirms denial of advancement to officer on capacity grounds

In Brick v. The Retrofit Source, LLC, No. 311, 2020 (Del. Mar. 26, 2021) (Order), the Delaware Supreme Court recently affirmed the Court of…
Article

Kramer Levin Naftalis & Frankel LLP | USA | 5 May 2021

California Federal Court Enforces Delaware Forum Bylaw and Dismisses Derivative Shareholder Suit Including Exchange Act Proxy Claims

We have discussed in previous alerts a spate of shareholder lawsuits alleging corporate fiduciary breaches and securities law violations tied to the…
Article

K&L Gates LLP | USA | 4 May 2021

Chancery Court Sustains Derivative Action Alleging Caremark Claims

In Teamsters Local 443 Health Services & Insurance Plan, et al. V. John G. Chou, et al., C.A. No. 2019-0816-SG (Del. Ch. August 24, 2020), the…
Article

Sidley Austin LLP | USA | 3 May 2021

“Chalking Up a Victory for Deal Certainty,” Delaware Court of Chancery Orders That Contested Merger Close

Last Friday, soon-to-be Chancellor McCormick issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc. that ordered the defendant buyers…
Article

Sidley Austin LLP | USA | 3 May 2021

“Chalking Up a Victory for Deal Certainty,” Delaware Court of Chancery Orders That Contested Merger Close

Last Friday, soon-to-be Chancellor McCormick issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc. that ordered the defendant buyers…
Article

Proskauer Rose LLP | USA | 29 Apr 2021

Another Diversity Suit Tossed on Forum Selection Grounds

This week, another shareholder derivative suit was dismissed based on a forum selection clause contained in the company’s bylaws. In November 2020, a…
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