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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.

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Showing one post in Receiverships.

Chancery Permits Receiver to Tax Petitioner for Costs of Receivership

Posted In Dissolution, Receiverships

Longoria v. Somers, C.A. No. 2018-0190-JTL (Del. Ch. May 28, 2019).

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 ›