Blog: Corporate -Counseling & Litigation

Connolly Gallagher Successfully Defends Former CEO of United Airlines


In Corporate -Counseling & Litigation | On March 18, 2019

In City of Tamarac Firefighters’ Pension Trust Fund v. Corvi, the plaintiff stockholder brought a derivative action against United Continental Holdings, Inc. (“United Airlines”) and its board of directors for wrongful demand refusal, waste, and unjust enrichment related to a separation agreement it entered into with its former CEO. 2019 WL 549938 (Del. Ch. Feb. […]

Preliminary Injunction Issued to Stop Board’s Plan to Curb “Shareholder Disruption”


In Corporate -Counseling & Litigation | On May 23, 2016

In Pell v. Kill, et al, C.A. No. 12251-VCL (Del. Ch. May 19, 2016), the Delaware Court of Chancery issued a preliminary injunction against a board’s plan to reduce the size of the board of directors in the face of an looming proxy battle. The case involved Cogentix Medical, Inc., a NASDAQ-listed Delaware corporation. Plaintiff, […]

Court of Chancery Dismisses Complaint Claiming Merger Violated Limited Partnership Agreement, Underscores Freedom of Contract


In Corporate -Counseling & Litigation | On March 30, 2016

In Dieckman v. Regency GP LP, et al, C.A. No. 11130-CB (Del. Ch. March 29, 2016), the Delaware Court of Chancery dismissed a complaint contending that a merger violated the applicable limited partnership agreement. The case involved the acquisition of Regency Energy Partners LP by an affiliated entity for approximately $11 billion in a unit-for-unit […]

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