Jan 7, 2009
The central dispute in this case raises the question whether officers or directors who are the sole owners of a corporation may manage that corporation for their own benefit at the expense of the corporation and its creditors. Existing case law su...
Dec 23, 2008
Herrick Foundation filed a lawsuit in Lenawee County (Mich.) Court to seek injunctive relief from the decision by Tecumseh Products Company to declare a 3-for-1 stock split effective on December 31, 2008. The stock split, which two board members v...
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Dec 22, 2008
The Shareholder Derivative Litigation arose out of the Company's sale of $300 million of preferred stock to funds affiliated with MHR Fund Management LLC ("MHR") pursuant to the Securities Purchase Agreement dated October 17, 2006, as amended and ...
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Dec 16, 2008
Shareholder litigation resulting from the merger of CBOT and the Chicago Mercantile Exchange Holdings, Inc. and the demutualization of CBOE.
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Dec 12, 2008
Various hedge funds seek appraisal of Metromedia International Group.
Nov 24, 2008
A Texas jury will hear a multibillion dollar claim by Huntsman Corp. that two of the world's largest banks, Credit Suisse and Deutsche Bank, scuttled its proposed mergers with Hexion Chemical and Basell Holdings, NV. Credit Suisse and Deutsche Ban...
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Nov 10, 2008
Post-trial oral arguments after Vice Chancellor Lamb ruled the statute of frauds applied to an LLC agreement. Brian Olson was one of three co-founders of long/short equity hedge fund Viking Global Management, along with David Ott and Andreas Halve...
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Nov 7, 2008
CVN covered a previous hearing concerning a motion by 3rd party defendants Gen Re Corporation seeking dismissal of underlying litigation. In this suit, stockholder plaintiffs seek to recover funds to make American International Group, Inc. (AIG) w...
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Oct 28, 2008
Shareholders accused Countrywide directors in February of breaching their fiduciary duty by approving the proposed sale on unfair and inadequate terms. As part of the settlement, Countrywide agreed to make additional disclosures on the background ...
Oct 27, 2008
Plaintiff, Norfolk County Retirement System, is a beneficial holder of stock of defendant, Jos. A Bank Clothiers (JABC). Plaintiff brings a demand, pursuant to 8 Del. C. ยง 220, to inspect certain books and records after noticing a drastic drop in ...
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Oct 22, 2008
Complaints were filed in the Delaware Court of Chancery seeking among other things that the ACS board of directors fulfill its fiduciary duties and obligations to the Company's public shareholders in the face of the "going-private" takeover propos...
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Oct 21, 2008
Hexion believes that the capital structure agreed to by Huntsman and Hexion for the combined company is no longer viable because of Huntsman's increased net debt and its lower than expected earnings.
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