Potter Anderson & Corroon LLP

Frank v. Elgamal, C.A. No. 6120-VCN (Del. Ch. Mar. 10, 2014) (Noble, V.C.)

In this memorandum opinion, the Court of Chancery granted in part and denied in part defendants’ motion for summary judgment as to certain claims asserted by a stockholder plaintiff in connection with a merger involving a…more

| Civil Procedure, Commercial Law & Contracts, Mergers & Acquisitions,...

Klaassen v. Allegro Dev. Corp., No. 583, 2013 (Del. Mar. 14, 2014)

In this en banc decision, the Delaware Supreme Court affirmed the Court of Chancery’s finding that a CEO’s claim asserting improper removal was equitable in nature and therefore, at most, voidable and subject to the equitable…more

| Business Organizations, Civil Procedure, Commercial Law & Contracts

Caspian Select Credit Master Fund Ltd. v. Key Plastics Corp., C.A. No....

In this letter opinion, the Court of Chancery granted plaintiff’s request for books and records pursuant to 8 Del. C. § 220. The stockholder plaintiff sought, among other things, to value its equity holding in Key Plastics…more

| Business Organizations, Civil Procedure, Commercial Law & Contracts,...

Kahn v. M&F Worldwide Corp., C.A. No. 6566 (Del. Mar. 14, 2014)

In this en banc decision, the Delaware Supreme Court affirmed the Court of Chancery’s decision to grant summary judgment to the defendants and addressed an issue of first impression: what standard of review will apply where a…more

| Civil Procedure, Mergers & Acquisitions, Business Torts, Securities Law

Millien v. Popescu, C.A. No. 8670-VCN (Del. Ch. Jan. 31, 2014) (Noble, V.C.)

In this decision, the Court of Chancery considered whether to appoint a custodian for Boston Technologies, Inc. (the “Company”) based on allegations of director and stockholder deadlock. The Court held that the petitioner was…more

| Civil Procedure, Civil Remedies, Commercial Law & Contracts, Securities...

Cook v. Hewlett-Packard Co., C.A. No. 8667-VCG (Del. Ch. Jan. 30, 2014)...

In this letter opinion, the Court of Chancery denied plaintiff’s request for books and records pursuant 8 Del. C. § 220. The stockholder plaintiff sought to investigate alleged wrongdoing by Hewlett-Packard Co. (“HP” or the…more

| Civil Procedure, Commercial Law & Contracts, Mergers & Acquisitions,...

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