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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- 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
- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
- Court of Chancery Awards Plaintiffs Attorneys’ Fees and Costs in Section 225 Action for Obtaining a Substantial Benefit for the Corporation and its Stockholders
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Supreme Court Upholds Cross-Jurisdictional Tolling
By Morris James LLP on June 10, 2013
Posted In Toxic Torts
The Dow Chemical Corporation v. Blanco, No. 492, 2012 (June 10, 2013)
The Delaware Supreme Court has upheld cross-jurisdictional tolling. Thus, when a class action is filed, the statute of limitations is tolled at least until the class is not certified. That is true even if, as here, the class action was filed in another jurisdiction.
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