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State Courts -
Delaware - September 2, 2008
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In re Lear Corp. S'holder Litig., Cons. C.A. No. 2728-VCS,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, September 2, 2008, Decided
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Overview: Trial court dismissed entire amended complaint alleging, inter alia, that directors breached fiduciary duty for agreeing to pay fee if merger was rejected in return for bidder increasing price; shareholders did not sufficiently plead Del. Code Ann. tit. 8, § 102(b)(7) non-exculpated claim, as they did not show directors acted in bad faith.
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Tatem v. State, No. 241, 2008,
SUPREME COURT OF DELAWARE, September 2, 2008, Decided
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Overview: Because nothing in the record supported defendant's contention that his failure to timely appeal was attributable to court-related personnel, defendant did not comply with the jurisdictional requirements of Del. Sup. Ct. R. 6, 10(a); therefore, pursuant to Del. Sup. Ct. R. 29(b), the appeal was dismissed.
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