by Staff of the Firm | Dec 27, 2016 | Business Management, Delaware Law Update, Uncategorized
In Narayanan v. Sutherland Global Holdings, Inc.,[1] there were three documents that were relevant to Narayanan’s rights to indemnification and advancement of expenses. First, the company’s certificate of incorporation authorized indemnification and advancement...
by Staff of the Firm | Dec 13, 2016 | Business Management, Delaware Law Update, Uncategorized
Companies get sued all the time. Directors and officers often get named in lawsuits as those responsible for important corporate actions and are particularly vulnerable in that regard. For this reason, many companies offer their directors and officers liability...
by Staff of the Firm | Oct 27, 2016 | Business Management, Choice of Entity, Uncategorized
In Hill v. County Concrete Co., Inc., Hill and Newman hired an attorney to form a construction services corporation to be known as “C&M Builders, Inc.” (C&M).[1] The attorney advised Hill and Newman that the corporate name was available and that they could...
by Staff of the Firm | Oct 20, 2016 | Business Management, Choice of Entity, Uncategorized
Corporation by Estoppel In Cranson v. I.B.M. Corp., Cranson decided to invest in a corporation that was soon to be formed.[1] Upon being advised by the attorney that the corporation had been formed, Cranson received a stock certificate for his shares and was shown the...
by Staff of the Firm | Oct 13, 2016 | Business Management, Choice of Entity, Uncategorized
De Facto Corporation Cantor v. Sunshine Greenery, Inc., a 1979 case out of New Jersey, is one of the best known cases on the doctrine of de facto corporation.[1] In that case, Cantor was the landlord and Sunshine Greenery the tenant. On December 16, 1974, Cantor...
