Directors Designated by Venture Capitalists and Other Preferred Stockholders Need To Be Mindful of Inherent Conflicts: In re Trados Inc. Shareholder Litigation

The following post is based on a memo released by Pepper Hamilton LLP on September 4, 2013. 

A recent post-trial decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery puts directors serving as designees of preferred …

Delaware Supreme Court Reverses Chancery and Gives Collateral Estoppel Effect to California Federal Court’s Dismissal of Derivative Claims

In its widely followed Allergan decision, the Delaware Court of Chancery declined to apply collateral estoppel to dismiss a Delaware derivative complaint even though a California federal court dismissed (with prejudice) essentially the same complaint brought by different stockholders. The …

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