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State Courts -
Delaware - July 11 - July 12, 2006
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AIG Ret. Servs. v. Barbizet, C.A. No. 974-N,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, July 11, 2006, Decided , July 11, 2006, Filed
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Overview: In minority shareholder's action alleging that directors failed to file suit on behalf of parent company, demand to initiate suit was excused under Del. Ch. Ct. R. 23.1. Directors received benefits from their relationship with businessman, who allegedly had interests adverse to parent company, which allegedly caused them to vote against suit.
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Ayers v. Pave It, LLC, Civil Action No. 01812-S,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, July 11, 2006, Decided , July 11, 2006, Filed
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Overview: Limited liability company did not extinguish estate's easement through adverse possession under Del. Code Ann. tit. 10, §§ 7901-7904 as tankers did not effectively block entire right-of-way and tankers did not block easement for statutory period since they were parked after trees had begun growing, which was no more than 17 years ago.
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