Derivative Suit, Business Judgment Rule

Appellate Notes: Week of March 25

by Edward McCreery III | Pullman & Comley, LLC on 3/28/2013

In This Issue: - SC18915- Misiti, LLC v. Travelers Property Casualty Co. of America - SC18840- New England Road, Inc. v. Planning & Zoning Commission - SC18804- Cordero v. University of Connecticut...more

Carsanaro, et al. v. Bloodhound Tech., Inc. et al., C.A. No. 7301-VCL (Del. Ch. Mar. 15, 2013) (Laster, V.C.)

by Potter Anderson & Corroon LLP on 3/28/2013

In this Opinion, the Court of Chancery denied, in large part, defendants’ motion to dismiss plaintiffs’ claims challenging several allegedly self-interested and dilutive transactions....more

Defending Section 162(m) Executive Compensation Derivative Suits in the United States

by Joni Jacobsen, David Kistenbroker, Angela Liu, Carl Volz | Dechert LLP on 2/12/2013

Decisions regarding executive compensation fall squarely within the discretion of a public company’s board of directors. Recently, however, plaintiffs’ firms have been trying to invade the board’s purview by bringing...more

Delaware Law Update — Delaware Court Applies Heightened Scrutiny to Director Compensation

by Joshua Schneiderman | Snell & Wilmer L.L.P. on 1/8/2013

In an era of intense investor scrutiny and SEC rulemaking regarding executive compensation, a recent decision by the Delaware Court of Chancery raises questions as to the protections afforded to directors when granting...more

Federal Court Applies Delaware Law to Dismiss Shareholder Derivative Claims

by Eric S. Almon | Holland & Knight LLP on 9/10/2012

On August 21, 2012, Judge Richard G. Andrews of the United States District Court for the District of Delaware dismissed without prejudice a shareholder derivative action alleging that a corporation's 2010 proxy statement...more

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Derivative Suit › Business Judgment Rule

Appellate Notes: Week of March 25

Carsanaro, et al. v. Bloodhound Tech., Inc. et al., C.A. No. 7301-VCL (Del. Ch. Mar. 15, 2013) (Laster, V.C.)

Defending Section 162(m) Executive Compensation Derivative Suits in the United States

Delaware Law Update — Delaware Court Applies Heightened Scrutiny to Director Compensation

Federal Court Applies Delaware Law to Dismiss Shareholder Derivative Claims

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