ArticleNew Chancellor Of The Court Of Chancery Nominated By Governor MarkellDelaware Governor Jack Markell recently nominated Andre Bouchard for Chancellor of the Court of Chancery.United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleRecord-Setting Derivative Action Settlement (275MM) Approved By The Court Of ChanceryIn the recent opinion of In re Activision Blizzard, Inc. Stockholder Litigation, Cons. C.A. No. 8885-VCL, the Court approved the highest settlement reached in a derivative action to date, in the amount of $275 millionUnited StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleSection 220: Court Orders Citigroup To Produce Records Of Its Subsidiary (Master’s Final Report Adopted By Court)The Court approved and adopted the Final Report and the recommendations contained therein.United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleStay Denied In Advancement CaseIn the recent decision of Tulum Management USA LLC v. Casten, C.A. No 11321-VCN (Del. Ch. Nov. 9, 2015), Vice Chancellor Noble declined a party's request to stay a pending advancement case before the Delaware Court of Chancery.United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleCorporation May Not Rely Upon Deficient Stock Ledger To Deny Section 220 Demand When It Was Aware Of Plaintiff's Status As A StockholderIn the recent decision of Knott Partners L.P. v. Telepathy Labs, Inc., C.A. No. 2021-0583-SG (Del. Ch. Nov. 23, 2021), the Delaware Court of Chancery analyzed to what extent a corporation opposing...United StatesCorporate/Commercial LawPierson Ferdinand LLP
ArticleDelaware Dissolution Proceeding Dismissed In Favor Of Prior Pending LitigationA question that is often posed to Delaware corporate practitioners is whether a non-Delaware court can dissolve a Delaware entity.United StatesCorporate/Commercial LawPierson Ferdinand LLP
ArticleDell Inc. Appraisal – Technical Defect Dooms T. Rowe PetitionersAs a result, such shareholders failed to adhere to the "dissenting stockholder" requirement of 8 Del. C. Section 262.United StatesCorporate/Commercial LawPierson Ferdinand LLP
ArticleCapsule International Holdings Preference Actions UPDATEThrough the Motion, the Committee seeks the authority to settle certain classes of claims without seeking Court approval under Section 9019(b) of the Bankruptcy Code. United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleFurniture Brands International – 94 Additional Preference Claims FiledPreference actions are a form of litigation specifically provided for by the Bankruptcy Code which are intended to recover payments made by the Debtor within the 90 days prior to declaring bankruptcy. United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleInvoluntary Bankruptcy Filed Against Metrogate LLCThe petitioning creditors are various Taberna Preferred Funding entities.United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleJoao Bock Transaction Systems, LLC Files For Chapter 7 ReliefThe trustee assigned to this matter is David Carickhoff of the law firm of Archer & Greiner, P.C. The matter is pending before the Honorable Mary F. Walrath.United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleRadioShack Preference Litigation UPDATEAs detailed in this previous post, the Liquidating Trustee appointed to prosecute preference actions in the RadioShack bankruptcy proceeding filed approximately 383 preference actions in late October and early November of this year.United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleAmendments To Court Of Chancery Rule 171 And Rule 10 Will Be Effective TomorrowTomorrow, April 1, 2014, the Court’s amendments to Rule 171 and Rule 10 will go effective. United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleChancery Court Amends Rule 113 – Deadline To Object To Petitions To Sell Real Estate IncreasedPer the Court of Chancery, Rule 113 of the Court of Chancery Rules was amended to make it consistent with 12 Del. C. Section 3951, which was recently amended by the General Assembly. United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleChancery Court Issues Sanctions For Deficient Privilege LogThis case is a good reminder that the Court expects attorneys to adequately describe documents on privilege logs, otherwise the privilege may be waived. United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleCourt Of Chancery Announces Morgan Zurn As Master In ChanceryOn March 2, 2016, the Court of Chancery announced the appointment of Morgan Zurn as a Master in Chancery. United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleJurisdiction Over Foreign Delaware Corporations RevisitedIn the recent Delaware Supreme Court decision of Genuine Parts Company v. Cepec, No. 528, 2015 (Apr. 18, 2016), the Delaware High Court issued a landmark ruling...United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP
ArticleNew Judge Appointed To The Delaware Bankruptcy CourtJudge Stickles has thirty years of experience, previously working for Cole Schotz P.C. and Saul Ewing LLP. United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleOya Renewables – Bidding Procedures MotionOn November 6th, Oya Renewables Development LLC, et al. (the "Oya Debtors") filed a bidding procedures motion to approve the proposed bidding procedures in connection...United StatesInsolvency/Bankruptcy/Re-StructuringPierson Ferdinand LLP
ArticleCourt Of Chancery Amends Various Rules Pertaining To Trust Accountings And Guardianship ProceedingsAccording to a recent announcement, the Delaware Court of Chancery amended various rules to match current practices in the Court and to clarify the Court's expectations.United StatesLitigation, Mediation & ArbitrationPierson Ferdinand LLP