ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Litigation Blogs -> Delaware Corporate and Commercial Litigation Blog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Litigation

: Delaware Corporate and Commercial Litigation Blog

Supreme Court Affirms Chancery's Poison Pill Decision

By Francis G.X. Pileggi

ADVERTISEMENTS

Versata Enterprises, Inc. v. Selectica, Inc., No. 193, 2010 (Del. Supr., Oct. 4, 2010), read opinion here. In this 51-page decision, the Delaware Supreme Court affirmed the Court of Chancery's 71-page decision in Selectica, Inc. v. Versata, Inc., C.A. No. 4241-VCN, 2010 WL 703062 (Feb. 26, 2010), which was summarized on this blog here.

Delaware's High Court upheld the board's adoption of a poison pill rights plan with a 4.99% triggering threshold, designed to protect the corporation's net operating losses ("NOLs"), and a special committee's subsequent decision to deploy  the rights plan to dilute the triggering stockholder. Much more can be, and will be, written about this decision in the days to come.

Full post as published by Delaware Corporate and Commercial Litigation Blog on October 05, 2010 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

Lawsuits and Settlements

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0022 secs (from cache 10/31/26 09:18:49)