Merger Price Accepted

The Court of Chancery has amended 12 Del. C. Section 3521 to allow trust beneficiaries to waive the need for future judicial accountings.

The Affirmative Insurance Holdings, Inc. Section 341 meeting has been continued to December 14, 2015, at 1:00 p.m. at J. Caleb Boggs Federal Building, 844 King St., Room 2112, Wilmington, Delaware.

In the recent opinion of Geier v. Mozido, LLC, Vice Chancellor Slights dismissed the complaint because the claims sought therein were previously released due to a previous settlement.

The recent decision of TCV VI, L.P. v. TradingScreen Inc., C.A. No. 10164-VCN (Del. Ch. Sept. 25, 2015) provides a brief yet thorough analysis of the attorney-client privilege and redaction logs.

The Honorable Tamika R. Montgomery-Reeves was formally sworn in for her first term as the Court of Chancery's newest Vice Chancellor on December 11, 2015.

In the recent decision of Seiden v. Kaneko, C.A. No. 9861-VCN (Del. Ch. Nov. 3, 2015), the Court explained what claims a received can make against former D&Os when those claims are barred by the doctrine of laches...

Advancement rights of an officer or director of a Delaware corporation are set forth in Section 145 of the Delaware General Corporation Law ("DGCL").

Earlier this month, Governor Jack Markell nominated Tamika Montgomery-Reeves to succeed the Honorable Donald F. Parsons, who will be retiring at the end of this month as Vice Chancellor of the Delaware Court of Chancery.

The Delaware Bankruptcy Court announced recently that it is now on Twitter.

In a prior post, we discussed the ruling of the Northern District of California Bankruptcy Court in the In re Howrey LLP case...

According to the United States Bankruptcy Court for the District of Delaware's website, the Court has instituted an annual process to review and consider comments and revisions to its Local Rules.

Recently in the RadioShack Corp. case, the Delaware Bankruptcy Court granted the debtor’s bid procedures motion allowing the debtor to auction certain of its assets.

According to the United States Bankruptcy Court for the District of Delaware's website, the meeting room for the United States Trustees has been changed

The Delaware Supreme Court recently clarified the extent and scope of charging liens that can be asserted by Delaware attorneys against clients who fail to pay their legal bills.

In the recent bench ruling entered in Harrison v. Quivus Systems LLC, C.A. 12084-VCMR (April 7, 2016), Vice Chancellor Montgomery-Reeves ruled that discovery into the reasonableness of fees sought in an advancement case will be postponed until after the Court first determines that plaintiff has established a right to advancement.

Recently, Governor Jack Markell nominated former Superior Court Judge Joseph R. Slights, III to succeed the Honorable John W. Noble, who will be retiring at the end of this month as Vice Chancellor of the Delaware Court of Chancery.

While a similar claim might be made in a Section 225 case, there are restrictions on who has standing to bring such a claim under these statutes.

The Honorable Joseph R. Slights, III was formally sworn in as the Court of Chancery's newest Vice Chancellor on March 28, 2016.

Vice Chancellor Noble announced last week that he will be retiring from the Court of Chancery bench on February 26, 2016.