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The Delaware Supreme Court on Tuesday issued a decision involving TripAdvisor that could make it easier for some companies to move out of the state, which is the corporate home for about two ...
Grable & Sons Metal Products, Inc. v. Darue Engineering & Mfg., 545 U.S. 308 (2005), was a United States Supreme Court decision [1] involving the jurisdiction of the federal district courts under 28 U.S.C. § 1331 (federal question jurisdiction).
Tesla will appeal to Delaware’s state supreme court, after a ruling by judge Kathaleen McCormick striking down Elon Musk’s mammoth 2018 pay package. (Apu Gomes—Getty Images)
The Court in its current form was established by means of a constitutional amendment in 1951. Before that, the Court had operated under the Delaware Constitution of 1897 as a unique "leftover-judge" system, wherein appeals were heard by a panel of three judges who were not involved in the matter on appeal from either the Superior Court or the Court of Chancery.
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.
The Delaware Supreme Court did not specify when fees become windfalls, but did say $5,000 an hour was "at the high end." That would suggest Tesla is on the hook for a fee of around $100 million ...
Supreme Court judgment [ edit ] On appeal to the Supreme Court of Delaware, Justice Henry Horsey affirmed the outcome reached by the Court of Chancery, on partly different grounds: that the target corporation did not face "breakup", a condition necessary at the time to invoke Revlon duties.
Elon Musk has claimed that Delaware, home to much of corporate America, is trying to prevent businesses from heeding his call to leave the state, where a court invalidated his $56 billion Tesla ...