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Unocal v. Mesa Petroleum Co., 493 A.2d 946 (Del. 1985) [1] is a landmark decision of the Delaware Supreme Court on corporate defensive tactics against take-over bids. Until the Unocal decision in 1985, the Delaware courts had applied the business judgment rule, when appropriate, to takeover defenses, mergers, and sales.
No. 533, 2018 (Del. June 19, 2019), in which the Delaware Supreme Court reversed a lower court’s dismissal of a stockholder lawsuit against the members of the board of directors and two officers of Blue Bell Creameries, the court’s Chief Justice Strine wrote the court’s unanimous opinion that the justices hold the board of directors ...
Courthouse in Georgetown, Delaware, one of the court's three locations. The Delaware Court of Chancery is a court of equity in the U.S. state of Delaware. It is one of Delaware's three constitutional courts, along with the Supreme Court and Superior Court. Since 2018, the court consists of seven judges.
In addition to the cases in Delaware, the drugmakers are facing about 4,000 claims in California state court and about 2,000 in various other state courts around the country.
This category contains articles regarding case law decided by the courts of Delaware. Pages in category "Delaware state case law" The following 25 pages are in this category, out of 25 total.
Why Delaware ruled against Musk and Tesla’s board. Tuesday’s 200-page opinion by McCormick offers a scathing indictment of Tesla’s board. It described seven out of eight directors marching ...
Van Gorkom 488 A.2d 858 (Del. 1985) [1] is a United States corporate law case of the Delaware Supreme Court, discussing a director's duty of care. It is often called the "Trans Union case" . Van Gorkom is sometimes referred to as the most important case regarding business organizations because it shows a unique scenario when the board is found ...
More than two-thirds of the Fortune 500 is incorporated in Delaware, but Tesla CEO Elon Musk’s criticism of the state’s courts has coincided with other major companies leaving the state. A law ...
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