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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Morris James Blogs
Showing one post in Receiverships.
The Court of Chancery may appoint a receiver to wind up a deadlocked corporate entity. When that happens, the corporation normally pays the receiver’s fees and expenses. Here, however, the entity was insolvent and unable to pay, and the Petitioner (a 50% owner) opposed contributing to the payment of certain expenses. More ›