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State Courts -
Delaware - February 23 - February 24, 2006
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Harbinger Capital Ptnrs. Master Fund I, Ltd. v. Northwestern Corp., Civil Action No. 1937-N,
COURT OF CHANCERY OF DELAWARE, SUSSEX, February 23, 2006, Decided
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Overview: A proxy contestant's request for an expedited preliminary injunction hearing in its action, seeking to measure shareholder support, wage a proxy contest to replace a corporate board of directors, and impose an injunction on the corporation's trigger of its poison pill, was denied where a parallel federal action would likely resolve the issues.
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Ramunno v. Capano, C.A. No. 18798-NC,
COURT OF CHANCERY OF DELAWARE, KENT, February 23, 2006, Decided , February 23, 2006, Filed
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Overview: Trustee's motion for reargument was denied, as: (1) an issue regarding the partners' failure to comply with the tax laws raised questions for the taxing authorities; (2) the appropriate means of dealing with the loan at issue was to treat it as a capital contribution; and (3) the trustee's expert corroborated this conclusion.
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Reeder v. Del. Dep't of Ins., C.A. No. 1553-N,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, February 24, 2006, Decided , February 24, 2006, Filed
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Overview: A defensive driving provider's claim that the Defensive Driving Credential Committee of the Department of Insurance violated various sections of the Freedom of Information Act, Del. Code Ann. tit. 29, ch. 100, lacked merit where some claims were time-barred, others were moot, and still others had no statutory support.
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