05 Sep, 2024 Delaware Superior Court Holds That Attorney-Client Privilege Was Retained By Seller Post-Merger By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell Biomerieux, Inc. v. Rhodes, C.A. No. N23C-10-067 (Del. Super. May 9, 2024). The default rule in Delaware is that the attorney-client...
05 Sep, 2024 Delaware Supreme Court Reverses MFW Dismissal Due to Inadequate Disclosures Regarding Special Committee’s Advisors’ Material Conflicts By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell City of Sarasota Firefighters’ Pension Fund v. Inovalon Holdings Inc., No. 305, 2023 (Del. May 1, 2024). The Delaware Supreme Court’s...
20 Jun, 2024 Court of Chancery Dismisses Aiding And Abetting Fraud Claim Against Corporate Officers And Directors By Barnaby Grzaslewicz Aubrey Morin K. Tyler O'Connell Urvan v. AMMO, Inc., Consol. C.A. No. 2023-0470 PRW (Del. Ch. Feb. 27, 2024, corrected Mar. 14, 2024) It is an axiom of Delaware law that...
16 May, 2024 Superior Court Dismisses Aiding and Abetting Claim Against Officers By Barnaby Grzaslewicz Aubrey Morin Albert J. Carroll RGIS International Transition Holdco LLC v. Retail Services WIS Corp., C.A. No. N21C-12-077 (Del. Super. February 13, 2024)Under Delaware...
03 May, 2024 Delaware Supreme Court Affirms That the Right to Sue Corporate Officers is Not a “Power” Within the Meaning of DGCL Section 242(b)(2) By Albert J. Carroll Barnaby Grzaslewicz Aubrey Morin In re Fox Corporation/Snap Inc. Section 242 Litigation, C.A. 2023-1007-LWW (Del. Ch. January 17, 2024)DGCL Section 242(b)(2) requires...
25 Apr, 2024 Chancery Invokes the Implied Covenant to Invalidate Shareholder Rights Plan By Albert J. Carroll Barnaby Grzaslewicz Aubrey Morin Whitestone REIT Operating Partnership L.P. v. Pillarstone Capital REIT, C.A. No. 2022-0607-LWW (Del. Ch. Jan. 25, 2024) 1In Delaware, the...
03 Apr, 2024 Chancery Confirms Bad Faith Pleading Standard for Officer Caremark Claims By R. Eric Hacker Aubrey Morin Segway Inc. v. Hong Cai, C.A. No. 2022-1110-LWW (Del. Ch. Ct. Dec. 14, 2023) The Caremark doctrine recognizes the duty of oversight for...
27 Mar, 2024 Chancery Dismisses Caremark Oversight Claims By R. Eric Hacker Aubrey Morin Albert J. Carroll In Re ProAssurance Corp. Stockholder Derivative Litig., Consol. C.A. No. 2022-0034-LWW (Del. Ch. Oct. 2, 2023) Claims against corporate...