Recent Judicial Developments in Delaware Corporate Law

Lisa Stark has authored a report on recent judicial developments in Delaware corporate law, which can be downloaded here.

The cases discussed include:

  • Survival Clause in Stock Purchase Agreement Shortens Statute of Limitations (ENI Holdings, LLC v. KBR Group Holdings, LLC, C.A. No. 8075-VCG (Del. Ch. Nov. 27, 2013)).
  • Chancery Court Declines to Dismiss Fiduciary Claims Arising from Board’s Grant of Stock Options in Excess of Plan Limits (Pfeiffer v. Leedle, C.A. No. 7831-VCP (Del. Ch. Nov. 8, 2013)).
  • Chancery Court Declines to Order Specific Performance of Apollo’s Buyout of Cooper Tire & Rubber Co. or Find Breach of “Reasonable Best Efforts” to Close Covenant (Cooper Tire & Rubber Company v. Apollo (Mauritius) Holdings Pvt. Ltd., C.A. No. 8980-VCG (Del. Ch. Nov. 8, 2013)).
  • Delaware Supreme Court Vacates Injunction against Activision Blizzard Stock Buyback (Activision Blizzard, Inc. v. Hayes, C.A. No. 497, 2013 (J., Berger) (Del. Nov. 15, 2013)).
  • Delaware Supreme Court: Statutory Scheme for Corporate Dissolutions Does Not Create Statute of Limitations (In re Krafft-Murphy Company, Inc., C.A. No. 85, 2013 (Del. Nov. 26, 2013)).

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