WRONGFUL STOCK TRANSFER: Order restoring converted stock constituted award of compensatory damages for purposes of determining punitives. . . institution acted with actual malice in allowing stock owner to unilaterally terminate co-tenant’s interest. . . $1.1 million punitives properly awarded. . . Larson affirmed. [Read more…]
Corporate merger, RightNow/Oracle
CORPORATE MERGER: RightNow/Oracle challenges based on breach of fiduciary duty, inadequate proxy disclosures, unfair price ($43), board conflict/ bad faith rejected under Delaware law, business judgment rule, Certificate of Corporation exculpatory provision… relief for valuation [Read more…]
Mental commitment, hearing without presence
MENTAL COMMITMENT hearing without presence or waiver of presence concededly invalid, remanded for new hearing… [Read more…]
Disabled adult child support, conservatorship
DISABLED ADULT CHILD SUPPORT: Father properly required to provide support in conservatorship proceedings (1st impression)… McCarter affirmed. [Read more…]
ERISA, “3 cents on dollar” settlement disapproval
ERISA: Haddon’s disapproval of “3 cents on the dollar” settlement not sufficiently serious for interlocutory appeal since parties free to negotiate settlement more favorable to class. [Read more…]