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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. Since 2018, the court consists of seven judges. The court is known for being a hub for corporate governance litigation in the United States, as two-thirds of Fortune 500 companies are incorporated ...
In re Caremark International Inc. Derivative Litigation, 698 A.2d 959 (Del. Ch. 1996), [1] is a civil action that came before the Delaware Court of Chancery.It is an important case in United States corporate law and discusses a director's duty of care in the oversight context.
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.
WILMINGTON, Delaware (Reuters) -A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric ...
Phil Shawe, the CEO of translation company TransPerfect, has spent millions on ads bashing Delaware courts after a bruising legal battle with his former fiancée, who cofounded the company with ...
Smith v. 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".
The Supreme Court on Monday declined to hear challenges to gun laws in Delaware and Maryland.. The justices turned away an appeal from a group of gun enthusiasts and firearm advocacy groups in ...
The Delaware Supreme Court is the sole appellate court in the United States state of Delaware. Because Delaware is a popular haven for corporations , the Court has developed a worldwide reputation as a respected source of corporate law decisions, particularly in the area of mergers and acquisitions .