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Chancery Determines that BJR Applies Instead of Revlon Standard
2015-11-09 03:39:36| Jewelry - Topix.net
The Court of Chancery in the recent decision styled In re Zale Corporation Stockholders Litigation , C.A. No. 9388-VCP , in a rare grant of a motion for reargument pursuant to Rule 59, dismissed a financial advisor after the court had previously denied the same motion to dismiss the financial advisor.
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chancery
Delaware Court of Chancery Cautions Directors: Be Vigilant in...
2015-10-22 21:52:08| Jewelry - Topix.net
In a decision dated October 1, 2015, the Delaware Court of Chancery credited allegations that the board of directors of Zale breached its fiduciary duty in failing to uncover a potential conflict of interests by its financial advisor, an investment bank that advised Zale in its merger with Signet. In re Zale Corp. Stockholders Litigation , C.A. No.
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Chancery Court Provides Lessons on Conflicts of Interest in a Sales...
2015-10-14 16:38:24| Jewelry - Topix.net
In an October 1st decision , the Delaware Chancery Court dismissed claims that Zale Corporation's directors breached their fiduciary duties in connection with Zale's agreement to merge with Signet. The Court, however, permitted a claim to proceed against Merrill Lynch, Zale's financial advisor, for aiding and abetting a breach of fiduciary duty by Zale's board of directors.
Tags: sales
interest
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Delaware Supreme Court to Chancery: You Have Broad Powers
2015-01-23 02:57:44| Industrial Machines - Topix.net
Books-and-records litigation does not typically grab headlines. In fact, few cases litigated under Section 220 of the Delaware General Corporation Law result in written opinions authored by the Delaware Supreme Court.
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broad
delaware
powers
Delaware Supreme Court Confirms Chancery Court's Broad...
2015-01-09 02:30:29| Industrial Machines - Topix.net
In United Technologies Corp. v. Treppel , No. 127, 2014, 2014 Del. LEXIS , the Delaware Supreme Court held that the Delaware Court of Chancery is authorized regulate how stockholders use information obtained through books and records inspections under Section 220 of the Delaware General Corporation Law .
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