Chancery Issues Lightspeed Injunction As Case Tempo Rises
Law360 (March 12, 2019, 9:12 PM EDT) -- The Delaware Chancery Court bumped its judicial warp speed up by another factor this week with a post-trial ruling that paused a complex merger of Medley Capital Corp. and Sierra Income Corp. just 29 days after the start of litigation, as a court already known for prompt action adapts to what experts say is a busier and more competitive corporate law environment.
In the decision, Vice Chancellor Kathaleen S. McCormick blocked, pending additional deal disclosures, a stockholder vote on a proposed two-step, three-party merger involving Sierra Income's acquisition of Medley Capital and Medley Management Inc., in a transaction dominated by investor-brothers...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!