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Author: Chancery Blog

11/26/20 [UPDATED] Federal Forum Selection

NEW:  Seyfarth Shaw discusses the California Superior Court’s decisions in Sunny C. Wong v. Restoration Robotics, Inc., et al., C.A. No. 18-2609, order (Cal. Super. Sept. 1, 2020), and In re Uber Technologies, Inc. Securities...

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11/26/20 Stakeholderism

NEW:  Is Stakeholder Value an Excuse for Underperfoming Managers? examines corporate communications following earnings announcements, finding managers are significantly more likely to cite stakeholder value maximization after...

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11/26/20 GPB – Entity Controller Liability

The Delaware Court of Chancery, in Jeff Lipman, et al. v. GPB Capital Holdings, LLC, et al. and GPB Holdings II, LP, et al., C.A. No. 2020-0054-SG, memo. op. (Del. Ch. Nov. 18, 2020), in a derivative action brought by limited...

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11/26/20 Gilead – Books & Records Defense

The Delaware Court of Chancery, in Deborah Pettry, et al. v. Gilead Sciences, Inc., C.A. No. 2020-0132-KSJM, memo. op. (Del. Ch. Nov. 24, 2020), in a books and records action under 8 Del. C. § 220, entered judgment in...

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11/25/20 [UPDATED] Coty – De Facto Control

The Delaware Court of Chancery, in In re Coty, Inc. Stockholder Litigation, C.A. No. 2019-0336-AGB (consol.), memo. op. (Del. Ch. Aug. 17, 2020), declined to dismiss stockholder breach of fiduciary duty claims challenging a...

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