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1 month ago | 
openlegalblogarchive.org | Francis G.X. Pileggi
The 39th Annual F.G. Pileggi Distinguished Lecture in Law will be presented this year on March 20, 2025, at the Hotel DuPont. Named after my father, the Delaware Journal of Corporate Law at the Delaware Law School of Widener University continues to host and organize the event that brings leading corporate law scholars from around the country to share their insights. Prior Annual Pileggi Lectures have been highlighted on these pages. This year’s lecturer will be Arthur E.
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1 month ago | 
delawarelitigation.com | Francis G.X. Pileggi
Frank Reynolds, who has been covering Delaware corporate decisions for various national publications for over 40 years, prepared this article. The Delaware Court of Chancery recently declined to dismiss claims that three venture capital firms disloyally caused the collapse of Get Together Inc. by hastily pulling out of the troubled social media start-up and allegedly abusing their preferred shareholder power to empty GTI’s $40 million cash reserve in Shafi v.
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2 months ago | 
practicesource.com | Francis G.X. Pileggi
For the last 20 years, I have highlighted selected decisions from the Delaware Supreme Court and the Delaware Court of Chancery on these pages, as well as related topics, including legal ethics.
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2 months ago | 
natlawreview.com | Francis G.X. Pileggi
A recent Delaware Court of Chancery decision provides useful guidance regarding the requirements to preserve evidence in litigation and the potential penalties for spoliation. In the matter styled: In re Facebook, Inc. Derivative Litigation,C.A. Cons. No. 2018-0307-JTL (Del. Ch. Jan. 21, 2025), the court addressed spoliation in litigation involving allegations that Facebook sold personal information in violation of applicable obligations it had to its social media users. I.
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2 months ago | 
openlegalblogarchive.org | Francis G.X. Pileggi
Frank Reynolds, who has been covering Delaware corporate decisions for various national publications for over 35 years, prepared this articleThe Delaware Supreme Court recently upheld the Court of Chancery decision that Oracle Corp. founder Larry Ellison did not disloyally cause the computer software company’s directors to significantly overpay for cloud-based business software purveyor NetSuite Inc. – which he allegedly also controlled, in In re Oracle Corp. Derivative Litig., Del.
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2 months ago | 
openlegalblogarchive.org | Francis G.X. Pileggi
A recent Delaware Court of Chancery decision provides useful guidance regarding the requirements to preserve evidence in litigation and the potential penalties for spoliation. In the matter styled: In re Facebook, Inc. Derivative Litigation, C.A. Cons. No. 2018-0307-JTL (Del. Ch. Jan. 21, 2025), the court addressed spoliation in litigation involving allegations that Facebook sold personal information in violation of applicable obligations it had to its social media users. I.
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2 months ago | 
delawarelitigation.com | Francis G.X. Pileggi
A recent Delaware Court of Chancery decision provides useful guidance regarding the requirements to preserve evidence in litigation and the potential penalties for spoliation. In the matter styled: In re Facebook, Inc. Derivative Litigation, C.A. Cons. No. 2018-0307-JTL (Del. Ch. Jan. 21, 2025), the court addressed spoliation in litigation involving allegations that Facebook sold personal information in violation of applicable obligations it had to its social media users. I.
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2 months ago | 
delawarelitigation.com | Francis G.X. Pileggi
Frank Reynolds, who has been covering Delaware corporate decisions for various national publications for over 35 years, prepared this articleThe Delaware Supreme Court recently upheld the Court of Chancery decision that Oracle Corp. founder Larry Ellison did not disloyally cause the computer software company’s directors to significantly overpay for cloud-based business software purveyor NetSuite Inc. – which he allegedly also controlled, in In re Oracle Corp. Derivative Litig., Del.
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2 months ago | 
natlawreview.com | Francis G.X. Pileggi
A recent Delaware Court of Chancery opinion clarifies how and when a majority of directors may lack independence from its CEO, and finds Rupert Murdoch’s financial or personal influence could have skewed the objectivity of another three key Fox Corp. directors as to whether a shareholder derivative suit passes Delaware’s pre-suit demand test, in In Re Fox Corporation Deriv. Litig, No. 2023-0418-JTL (Del. Ch. Dec. 27, 2024).
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2 months ago | 
natlawreview.com | Francis G.X. Pileggi
A recent Court of Chancery decision determined that the sale of a company initiated by the controller, a private equity fund that was also the largest equity holder in the company, did not run afoul of the business judgment rule. The decision in Manti Holdings, LLC v. The Carlyle Group Inc., C.A. No. 2020-0657-SG (Del. Ch. Jan. 7, 2025) is noteworthy for several reasons. This article will provide key bullet points with references to page numbers and footnotes of the 68-page post-trial decision.
