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State Courts -
Delaware - September 10, 2008
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Duthie v. Corsolutions Med., Inc., C.A. No. 3048-VCN,
COURT OF CHANCERY OF DELAWARE, KENT, September 10, 2008, Decided, September 10, 2008, EFiled
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Overview: Full defense of the witnesses against the charges brought by the corporations, whether in litigation or in the public forum, required the advancement of fees to pay for the assertion of defamation claims. The court instructed the witnesses' counsel to certify in good faith that the fees for which advancement was sought were incurred reasonably.
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In re Countrywide Corp. S'holders Litig., C.A. No. 3464-VCN,
COURT OF CHANCERY OF DELAWARE, KENT, September 10, 2008, Decided
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Overview: Chancery court, under Del. Ch. Ct. R. 26(c) and 45(c), determined that limited additional discovery regarding objecting shareholders' derivative claims was appropriate as a matter of efficiency and to avoid needless, and likely unhelpful, speculation when class representatives and corporate directors and a bank entered into a settlement agreement.
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