Delaware Corporate and Commercial Litigation Blog

Delaware Corporate and Commercial Litigation Blog provides business-litigation commentary and case summaries from Delaware's chancery and supreme courts. It also includes developments in legal ethics.

Author: Author Francis G.X. Pileggi is a lawyer who practices primarily in the areas of corporate and commercial litigation in the Wilmington, Del., office of Fox Rothschild.

Blawg Related Categories: Corporate Law • Corporate Compliance • States • Delaware • Business Law

Recent Posts from Delaware Corporate and Commercial Litigation Blog

Wall Street Journal Links to My Blog
Kevin O'Keefe, the nation's leading expert for bloggers, especially for lawyers who blog, wrote here about The Wall Street Journal linking to one of my recent blog posts. I am indebted to Kevin for showing me how to…
Supreme Court Rejects Caremark Claims and other Fiduciary Claims Against LLC Managers Due to Exculpation Clause
Wood v. Baum, (Del. Supr., July 1, 2008), read opinion here. This Delaware Supreme Court decision is an important ruling regarding the defense by LLC managers to fiduciary duty and Caremark claims against them in light…
Chancery Enjoins Shareholder Vote Due to Disclosure Violation
In David P. Simonetti Rollover IRA v. Margolis, (Del. Ch., June 27, 2008), read opinion here, the Delaware Chancery Court issued a preliminary injunction to enjoin a shareholder vote in light of what the court…
Chancery Rejects Disclosure Claim in Attempt to Bar Merger
Wayne County Employees' Retirement System v. Corti, (Del. Ch., July 1, 2008), read opinion here, is a Delaware Chancery Court decision involving a request for a preliminary injunction to stop a shareholders meeting (at which a merger…
Issue of Delaware Law on Staggered/Classified Board of Anheuser-Busch at Heart of InBev Chancery Fight
Prof. Gordon Smith on his Conglomerate blog provides an insightful analysis of the Delaware corporate law involving staggered/classifed boards under DGCL Section 141 and its application to the pending suit in Delaware Chancery Court recently filed…
SEC Asks Delaware Supreme Court for Ruling on Delaware Law
Courtesy of Wilmington lawyer Brian Rostocki, comes a report of the first example of the SEC availing itself of a procedure authorized last year that allows the SEC to ask the Delaware Supreme Court for rulings…
Delaware Law on Shareholder Consents and Removal of Directors at Heart of InBev Bid for Anheuser-Busch
Courtesy of Wilmington lawyer Ciro Poppiti, III, Esq., a veteran of the national and international "wine and spirits" industry, I have a tip about a story in today's Wall Street Journal about the CEO of Anheuser-Bush (AB) trying…
Demand Futility Established and Presumption of Business Judgment Rule Rebutted
London v. Tyrrell, 2008 WL 2505435 (Del. Ch., June 24, 2008), read opinion here. This Chancery Court decision explained in detail the reasons why it denied a motion to dismiss a derivative claim based on…
SCOTUS Rules on Second Amendment Issue
In D.C. v. Heller, the United States Supreme Court issued an opinion today interpreting the Second Amendment of the U.S. Constitution to disallow a law in the District of Columbia that prohibited the purchase and…
Chancery Rules that Law Firm Covered as Agent for Advancement Purposes Under DGCL Section 145
In Jackson Walker L.L.P. v. Spira Footwear Inc., 2008 WL 2487256 (Del. Ch., June 23, 2008), read opinion here, the Delaware Chancery Court ruled on the following issue of first impression in connection with interpreting advancement rights…