Alena Smith

Alena Smith

Morris James LLP

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Supreme Court Affirms Chancery Rulings in Derivative Litigation Challenging Oracle’s NetSuite Acquisition

In re Oracle Corp. Deriv. Litig., C.A. No. 2017-0337 (Del. Jan. 21, 2025) - The Supreme Court affirmed the Court of Chancery’s decision in favor of the defendants in a derivative suit challenging Oracle’s acquisition of...more

5/27/2025  /  Acquisitions , Appeals , Board of Directors , Business Judgment Rule , Controlling Stockholders , Delaware General Corporation Law , Discovery , Fiduciary Duty , Shareholder Litigation

Chancery Finds SPAC’s Sponsor and Board Potentially Violated Fiduciary Duties by Depriving Public Stockholders of the Information...

Delman v. GigAcquisitions3 LLC, C.A. No. 2021-0679-LWW (Del. Ch. January 4, 2023) - Delaware law establishes that fiduciaries of a corporation cannot be exempted from "their loyalty obligation and the attendant equitable...more

4/25/2023  /  Breach of Duty , Controlling Stockholders , Entire Fairness Standard , Fiduciary Duty , Mergers , Share Price , Special Purpose Acquisition Companies (SPACs) , Stock Redemption
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