Certificate of Incorporation Provision Shielding Board’s Interference in Director Election Is Void as Contrary to Delaware Law
Director Election Is Void as Contrary to Delaware Law Delaware's corporate statute is widely regarded for its flexibility.
$850 Million Settlement of $175.3 Million Financial Statement Liability Can Support Inference of Breach of Duty of Loyalty When a corporation suffers
Can Support Inference of Breach of Duty of Loyalty When a corporation suffers harm, the board of directors is the actor empowered to determine what...
Specific Performance of Obligation to Use Reasonable Best Efforts to Close de-SPAC Transaction Denied by the Delaware Court of Chancery
Close de-SPAC Transaction Denied by the Delaware Court of Chancery Delaware and Puerto Rico law differ when it comes to the availability of specific...
Unambiguous Provision in Asset Purchase Agreement Not Enforced According to its Plain Meaning
to its Plain Meaning The Court of Chancery of Delaware recently issued a very interesting opinion which provides an in-depth look on how disputes...
Failure to Read Documents Incorporated by Reference Leads to Dilution of 50% Stake in Company to a Minority Interest The obligation of a contracting
50% Stake in Company to a Minority Interest The obligation of a contracting party to read a contract extends to documents incorporated by reference.
Miembro de una LLC no puede ser privado de sus derechos gerenciales o de voto por el mero hecho de radicar una quiebra aun cuando la ley estatal diga
voto por el mero hecho de radicar una quiebra aun cuando la ley estatal diga lo contrario El Rochelle’s Daily Wire de hoy discute un caso de quiebras...
LLC Member’s Managerial and Voting Rights Cannot Be Stripped Upon Bankruptcy Filing Notwithstanding State Law Provisions to the Contrary Today’s
Bankruptcy Filing Notwithstanding State Law Provisions to the Contrary Today’s Rochelle’s Daily Wire discusses a recent bankruptcy case with important...