In appraisal actions, expert witnesses are often retained by parties and serve very important roles in the determination of the value of a company’s shares. We recently highlighted a decision
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The Emergence of Business Courts in Various Jurisdictions
By Fox Rothschild LLP on
While the Delaware Court of Chancery has established itself as the preeminent forum for adjudicating corporate disputes, various other states have formed their own courts of equity over the past…
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Delaware Statutory Dissolution Procedures: Potential Limitation of Stockholder Liability
By Fox Rothschild LLP on
Potential Limitation of Stockholder Liability
Section 282 of the Delaware General Corporation Law (“DGCL”) provides for limitations on the potential liability of stockholders where the corporation has complied with the…
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“Elective” vs. “Default” Dissolution Procedures of Delaware Corporations: Potential Extent of Director Liability (Part II)
By Fox Rothschild LLP on
In the prior post, a discussion was provided regarding the limitation of liability of directors of a dissolved corporation following either the “elective” or “default” dissolution procedures. This article…
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Delaware LLC Books and Records Demand: Requested Documents Must Be “Narrowly Tailored” to a Proper Purpose
By Fox Rothschild LLP on
Unlike a Section 220 request for books and records under the Delaware General Corporation Law (“DGCL”), the books and records provision of the Delaware LLC Act (Section 18-305) can be…
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Delaware LLC Books and Records Demand: Stating a “Proper Purpose”
By Fox Rothschild LLP on
As discussed in the prior post, Section 18-305 of the Delaware Limited Liability Company Act (the “LLC Act”), allows any member or manager of a Delaware limited liability company…
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