by Staff of the Firm | Apr 21, 2016 | Business Management, Delaware Law Update, Disagreement, Minority Shareholders, Uncategorized
In Calesa Associates, L.P. v. American Capital, Ltd., a group of minority stockholders of Halt Medical, Inc. (the “company”) filed a lawsuit for breaches of fiduciary duty in connection with a corporate transaction against current and former directors of the company...
by Staff of the Firm | Apr 19, 2016 | Business Management, Delaware Law Update, New York Law Update, Uncategorized
Delaware County Employees Retirement Fund v. Sanchez involved a complicated business transaction between a private company wholly owned by the family of A.R. Sanchez and a public company in which the Sanchez family formed the largest stockholder bloc.[1] The...
by Staff of the Firm | Apr 14, 2016 | Business Management, Delaware Law Update, Disagreement, Minority Shareholders, Uncategorized
We write frequently about minority shareholder rights here. We started with Ritchie v. Rupe, a Texas Supreme Court case that completely changed the lay of the land by making it harder for minority shareholders to bring lawsuits based on oppressive conduct by majority...
by Staff of the Firm | Apr 12, 2016 | Business Management, Delaware Law Update, New York Law Update, Uncategorized
In our recent blog post on Wandel v. Dimon, we discussed stockholder’s pre-suit demand.[1] For those who are not familiar with pre-suit demand, Delaware law requires stockholders to serve a pre-suit demand on the corporation’s board of directors before they can bring...
by Staff of the Firm | Mar 29, 2016 | Business Management, Delaware Law Update, Minority Shareholders, New York Law Update, Uncategorized
In our previous blog series on Texas Double-Derivative Shareholder Suit, we touched briefly on the concept of business judgment rule when we discussed a board of directors’ decision to pursue or forgo corporate causes of action in the context of closely held...
