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What's Hot In Delaware
Airgas, Inc. v. Air Products and Chemicals, Inc.: Delaware Supreme Court Reverses Chancery Court Ruling on Terms of Directors Serving on Classified Boards - In Airgas, Inc. v. Air Products and Chemicals, Inc., the Delaware Supreme Court reversed the ruling of the Delaware Chancery Court upholding the validity of a stockholder-proposed bylaw accelerating Airgas’s annual meeting by approximately eight months. More >>
Labor & Employment Law Update: EEOC Issues Final GINA Regulations - The Equal Employment Opportunity Commission (EEOC) has issued final regulations interpreting the Genetic Information Nondiscrimination Act (GINA), which will become effective on January 10, 2011. More >>
Delaware Bankruptcy Court Decision Strictly Construes Plan Provisions Putting Burden on Subscribers to Properly Prepare and Submit Subscription Forms in Rights Offerings - Delaware Bankruptcy Judge Shannon holds in the Accuride chapter 11 case that a noteholder, who gave erroneous information to the debtor in its subscription to a rights offering for new notes pursuant to a plan, was not entitled to an additional distribution to cover the difference in value between what it thought it was subscribing for and what it actually submitted to the debtor in its subscription form. More >>
CML V, LLC v. Bax: The Delaware Court of Chancery Discusses Creditors' Standing to Bring Derivative Claims Under the LLC Act and Confirms Creditors' Protective Options Under the LLC Act - In a recent opinion, the Delaware Court of Chancery considered whether creditors of an insolvent limited liability company have standing to assert derivative claims under the Delaware Limited Liability Company Act. More >>