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State Courts -
Delaware - October 31, 2005
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Lurie v. Mont., C.A. No. 01C-11-150 MMJ,
SUPERIOR COURT OF DELAWARE, NEW CASTLE, October 31, 2005, Decided
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Overview: Where the injured party was awarded $ 450,000 for her car accident injuries, remittitur to the amount of $ 100,000 was appropriate. The injured party had not sought medical treatment in four years with the exception of one examination. There was no claim for future medical expenses or lost wages. Past medical expenses were $ 13,000.
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Shintom Co. v. Audiovox Corp., No. 214, 2005,
SUPREME COURT OF DELAWARE, October 31, 2005, Decided
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Overview: Del. Code Ann. tit. 8, ? 151(c) did not mandate that all preferred stock confer a right to payment of dividends. Preferred stock was required to have some bona fide preference over other stock. A liquidation preference of preferred stock, without more, was sufficient to create a preferred stock, and the stock was lawfully issued.
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