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Delaware Chancery Court Dismisses Action for Advancement of Legal Fees and Expenses

In a recent letter opinion, the Delaware Chancery Court dismissed an action brought under 8 Del. C. ยง145(e) for advancement of legal fees and expenses. Plaintiff David F. Miller III previously served as president, chief...more

Federal Court Applies Delaware Law to Dismiss Shareholder Derivative Claims

On August 21, 2012, Judge Richard G. Andrews of the United States District Court for the District of Delaware dismissed without prejudice a shareholder derivative action alleging that a corporation's 2010 proxy statement...more

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