Featured Evan Knott admitted to American College of Coverage Counsel Knott handles complex insurance recovery and other commercial litigation matters in state and federal courts around the U.S.
Featured Reed Smith named a 2025 ACC Value Champion Firm and client Brookfield Property Development honored for an innovative solution streamlining BPD’s due diligence screening process
8/28/2024 4:54:54 PM Demanding standards for demanding stockholders: Court of Chancery reaffirms heavy burden of pleading wrongful refusal By Brian Rostocki Benjamin Chapple John Miraglia In In re Kraft Heinz Demand Refused Derivative Stockholder Litigation, C.A. No. 2022-0398-LWW (Del. Ch. July 19, 2024), the Court of...
8/9/2024 8:32:18 PM Recent amendments to the Delaware General Corporation Law By Brian Rostocki Benjamin Chapple Justin Forcier Beginning August 1, 2024, the Delaware General Corporation Law ("DGCL") includes certain amendments related to merger agreements and...
5/8/2024 4:51:45 PM Delaware Supreme Court clarifies the scope and application of MFW's procedural protections By Brian Rostocki Benjamin Chapple John Miraglia In In re Match Group Derivative Litigation, No. 368, 2022 (Del. Apr. 4, 2024) (Match Group), the Delaware Supreme Court clarified two...
3/15/2024 4:50:02 PM Delaware Court of Chancery invalidates stockholder agreement that removed authority from the Board of Directors By Brian Rostocki Benjamin Chapple Justin Forcier The Delaware Court of Chancery recently issued an opinion in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co. which invalidated...
2/7/2024 5:49:40 PM Delaware Supreme Court holds that separate class vote was not required for officer exculpation amendments in Fox/Snap Actions By Brian Rostocki Benjamin Chapple John Miraglia The Delaware Supreme Court recently affirmed the Court of Chancery’s bench ruling in the coordinated Fox & Snap actions, which held that...
9/29/2023 5:37:16 PM The Court of Chancery (yet again) declines to enforce overbroad restrictive covenants By Brian Rostocki Benjamin Chapple John Miraglia In Centurion Service Group, LLC v. Wilensky, the Court of Chancery dismissed an employer’s (Centurion) claim against its former employee...
9/15/2023 5:10:02 PM Delaware Court of Chancery holds non-competes unenforceable against subsidiaries By Brian Rostocki Benjamin Chapple Justin Forcier In Frontline Technologies Parent LLC et al. v. Brian Murphy et al., the Delaware Court of Chancery recently stated that when negotiating...
8/25/2023 5:18:49 PM Recent amendments to Delaware's alternative entity statutes By Brian Rostocki Benjamin Chapple Justin Forcier On August 1, 2023, some notable amendments were made to the Delaware Revised Uniform Partnership Act (Partnership Act), the Delaware...
8/23/2023 5:28:09 PM Entire fairness doesn't mean perfection By Brian Rostocki The Delaware Court of Chancery and Supreme Court have recently ruled on cases related to the entire fairness standard, as covered in a...
8/4/2023 6:45:49 PM Failure to read agreements proves fatal to fraudulent induce claim By Brian Rostocki Benjamin Chapple Justin Forcier In Braga Investment & Advisory, LLC v. Musa Yenni, et al., C.A. No. 2019-0408-PAF (Del. Ch. May 31, 2023), the Delaware Court of Chancery...
7/24/2023 8:56:41 PM Books and records plaintiff entitled to contractual fee-shifting after settlement of inspection action By Brian Rostocki Benjamin Chapple John Miraglia It is no secret that, over the last few years, the Court of Chancery has appeared increasingly willing to shift fees in books and records...
7/19/2023 2:49:09 PM Delaware Court of Chancery Shifts Fees in Books and Records Action By Brian Rostocki Benjamin Chapple Anne Steadman Delaware courts encourage stockholders to use the “tools at hand” by obtaining a corporation’s books and records before initiating...
7/7/2023 6:16:20 PM Master in Chancery recommends Plaintiffs have standing based on membership ledger By Brian Rostocki Benjamin Chapple Justin Forcier In Gill v. Genency Holdings, LLC, C.A. No. 2023-0349-BWD (Del. Ch. June 26, 2023), a Master in Chancery recommended that LLC members...
6/23/2023 5:32:58 PM The Court of Chancery approves notice to beneficial stockholders by publication By Brian Rostocki Benjamin Chapple John Miraglia In In re Madison Square Garden Entertainment Corp. Stockholders Litigation—a derivative action stemming from the acquisition of Madison...
6/14/2023 8:59:03 PM 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...
6/9/2023 6:05:27 PM 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...