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Court of Chancery Holds Spinoff Corporation Not Bound By Agreement of Former Parent Corporation

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In Corporate -Counseling & Litigation | On April 8, 2015

In Miramar Police Officers’ Retirement Plan v. K. Rupert Murdoch, et al, C.A. No. 9860-CB (Del. Ch. April 7, 2015), the Delaware Court of Chancery held that a corporation created to effectuate a spin-off transaction was not bound by provisions in a contract that the former parent corporation had entered resolving a lawsuit with its […]

“Delaware Rapid Arbitration Act” Is Adopted

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In Corporate -Counseling & Litigation | On April 3, 2015

On April 2, 2015, Delaware Governor Jack Markell signed into law the Delaware Rapid Arbitration Act (“DRAA” or the “Act”), which had been approved by the Delaware General Assembly two days earlier. The Act becomes effective 30 days after its enactment, and thus will be an available option as of May 2015. The Act describes […]

District of Delaware Grants AOL Advertising, Inc.’s Motion to Dismiss Patent Infringement Suit

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In IP Litigation | On March 19, 2015

In Priceplay.com, Inc. v. AOL Advertising, Inc., 2015 WL 1246781 (D. Del. Mar. 18, 2015), the District of Delaware granted AOL Advertising, Inc.’s Rule 12(b)(6) Motion to Dismiss a patent infringement suit filed against it by Priceplay.com, Inc.  In the lawsuit, PricePlay accused AOL of patent infringement of two e-commerce patents, U.S. Patent Nos. 8,050,982 […]

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