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The Court also employs three full-time Magistrates in Chancery (formerly known as Masters in Chancery), appointed by the Chancellor under Court of Chancery Rule 144. The Magistrates adjudicate cases assigned to them by the Court, with a particular focus on "the people's concerns in equity," such as guardianships, property disputes, and trust ...
Court: Delaware Chancery Court: Citation: 964 A 2d 106 (Del Ch 2009) ... is a US corporate law case, concerning the standard under Delaware law for the duty of ...
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), [1] was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular ...
The judge, Vice Chancellor Travis Laster, of Delaware Chancery Court, said evidence showed Sandberg used a personal account under a pseudonym and erased messages that were likely relevant to the ...
The board members acted in bad faith and failed in their fiduciary duties, according to the lawsuit, which was filed this week in Delaware Chancery Court and seeks class action status for all ...
The plaintiff's legal team said last year the settlement was the second-largest ever in Delaware's Court of Chancery, the go-to forum for shareholder litigation. The directors did not admit ...
In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), [1] is a civil action that came before the Delaware Court of Chancery.It is an important case in United States corporate law and discusses a director's duty of care in the oversight context.
The plaintiffs appealed, but the Supreme Court of Delaware affirmed the decision of the Court of Chancery. [9] Justice Jacobs of the Delaware Supreme Court wrote the opinion for the court, and there were no dissents. Jacobs grouped the various allegations on appeal into two categories: claims against Ovitz and claims against the Disney defendants.
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