In the case of George Durgin v. Andatee China Marine Fuel Services Corporation, et al., C.A. No. 7074 (Del. Ch. 2011), the shareholders of Andatee China Marine Fuel Services
Continue Reading Andatee China Marine Fuel Services Corporation’s Shareholders Assert Class Action Complaint
Fiduciary Duties
Pharmasset, Inc.’s Board of Directors Sued in Class Action Complaint
By Sheldon Rennie on
On November 29, 2011, the shareholders of Pharmasset, Inc. filed a class action complaint against the company’s board of directors for alleged breach of fiduciary duties arising out of the…
Continue Reading Pharmasset, Inc.’s Board of Directors Sued in Class Action Complaint
Challenges to Director Elections, Appointments, Removals or Resignations Under Section 225 of the DGCL
By Sheldon Rennie on
Section 225 of the Delaware General Corporation Law (“DGCL”) provides a mechanism through which shareholders, directors or officers of a corporation can challenge the appointment, removal or resignation of any…
Disgorgement Under Brophy Claim: No Actual Harm Required
By Fox Rothschild LLP on
“To the extent Pfeiffer v. Toll conflicts with our current interpretation of [Brophy], Pfeiffer cannot be Delaware law.”
Based upon the recent Delaware Supreme Court decision, Kahn v. Kohlberg Kravis …
Continue Reading Disgorgement Under Brophy Claim: No Actual Harm Required