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Jun 14, 2023 Delaware Court of Chancery underscores fiduciary obligations of derivative plaintiffs By Brian Rostocki Benjamin Chapple Anne Steadman In a June 1, 2023 decision in OptimisCorp v. Atkins, C.A. No. 2020-0183-MTZ, the Delaware Court of Chancery held that defendant...
Jun 09, 2023 Delaware Court of Chancery holds canceled entities must have a receiver to be represented by counsel By Brian Rostocki Benjamin Chapple Justin Forcier The Delaware Court of Chancery recently held in In re Reinz Wisconsin Gasket, LLC, C.A. No. 2022-0859-MTZ (Del. Ch. May 8, 2023), that a...
Apr 05, 2023 Personal jurisdiction proper over de facto managers of Delaware “shell” LLC By Brian Rostocki Benjamin Chapple Anne Steadman In Next Level Ventures, LLC v. AVID USA Technologies, LLC, C.A. 2022-0699-MTZ (Del. Ch. Mar. 16, 2023), Vice Chancellor Zurn found...