In a recent Delaware Court of Chancery case - Hyatt v. Al Jazeera America Holdings II, LLC, C.A. No. 11465-VCG - Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery took on a “familiar” issue with a “twist”:...more
4/21/2016
/ Advancement ,
Counterclaims ,
Delaware General Corporation Law ,
Former Directors ,
Forum Selection ,
Indemnification ,
Limited Liability Company (LLC) ,
Litigation Fees & Costs ,
Merger Agreements ,
Nexus ,
Target Company
Prohibition on Fee-Shifting Provisions -
The legislation signed into law last week responds to the Delaware Supreme Court’s decision in ATP Tour, Inc. v. Deutscher Tennis Bund, 91 A.3d 554 (Del. 2014) in which the Court...more
7/7/2015
/ Attorney's Fees ,
Breach of Duty ,
Bylaws ,
Controlling Stockholders ,
Corporate Charters ,
Corporate Governance ,
DE Supreme Court ,
Fee-Shifting ,
Fiduciary Duty ,
Forum Selection ,
New Legislation ,
Privately Held Corporations ,
Shareholder Litigation ,
Stock Corporations
The Delaware Court of Chancery, in Boilermakers Local 154 Retirement Fund v. Chevron Corporation, C.A. No. 7220-CS (Del. Ch. June 25, 2013), has ruled that forum selection bylaws, bylaws providing for litigation to be in a...more