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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
- Chancery Finds Stockholder Conferred a Substantial Corporate Benefit by Challenging the Joint Vote of Two Classes of Common Stock under Section 242(b)(2) of the DGCL
- Court of Chancery Awards Plaintiffs Attorneys’ Fees and Costs in Section 225 Action for Obtaining a Substantial Benefit for the Corporation and its Stockholders
Morris James Blogs
Court Of Chancery Explains Limits To Guaranty
By Morris James LLP on July 29, 2011
Posted In Breach of Contract
Roseton OL LLC v. Dynegy Holdings Inc., C.A. 6689-VCP (July 29, 2011)
This decision explains the limits on a parent's guaranty of a subsidiary's performance in the context of what the parent can do with its assets and its ability to later honor the guaranty. It is an illustration of the need to understand the client's business and for careful drafting of such agreements.
Tags: Breach of ContractShare
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