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Catching Up With Delaware's Chancery Court

IP Law 360

Delaware's Court of Chancery dropped two potentially far-reaching decisions last week: one about founder control at Moelis & Co. and another about TripAdvisor's planned move to Nevada. On top of that, there were new cases involving Citrix Systems, Alcoa Corp., BGC Partners Inc. and Cantor Fitzgerald LP.

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Registered Series LLCs in Delaware

Cogency Global

What this is : Delaware was an early adopter of laws allowing LLCs to establish independent series, and today 21 states have laws that also allow their creation. What this means : While the laws in each state vary from Delaware and each other, there are many similarities.

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Catching Up With Delaware's Chancery Court

IP Law 360

Last week, Delaware's chancellor gave us 55 billion reasons to keep an eye on the First State in a case involving Tesla CEO Elon Musk's pay package, while the court of equity also took on cryptocurrency, artificial intelligence, space flight and country music.

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Delaware Business Law Changes Part 1: Delaware General Corporation Law

Cogency Global

In accordance with its annual tradition of updating its business entity laws, the Delaware legislature passed Senate Bill 114, with Senate Amendment 1. Let’s examine some of the key changes to the Delaware General Corporation Law (DGCL) the bill makes. On July 17, 2023, Governor Carney signed the bill.

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Catching Up With Delaware's Chancery Court

IP Law 360

In case you missed any of it, here's the wrap-up of legal news from Delaware Chancery Court.

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Delaware Supreme Court Upholds Forfeiture-for-Competition Provision in Limited Partnership Agreement

JD Supra Law

Stemming a tide of Delaware decisions closely scrutinizing and refusing to enforce non-compete agreements, Delaware’s Supreme Court held that forfeiture-for-competition provisions arising out of a Delaware limited partnership agreement are enforceable, reversing the Court of Chancery’s year-old decision in Cantor Fitzgerald, L.P.

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Catching Up With Delaware's Chancery Court

IP Law 360

Delaware Chancery Court decisions last week touched on foot powder litigation, an AMC settlement and in-person signage as damage control for a postponed hearing. New cases ranged from Amazon sales centers to a fibrosis drug.