Recent Articles

LexisNexis Corporate and Commercial Insights

Francis G.X. Pileggi
May 10, 2011 20:11

On the latest episode of LexisNexis Corporate & Commercial Insights, Steve Berstler speaks to Francis G.X. Pileggi, Member-in-Charge of the Wilmington, Delaware, office of Eckert Seamans Cherin & Mellott, LLC, about the shareholder derivative action against Warren Buffett and Berkshire...

Delaware Corporate Law Article Translated into Chinese

Francis G.X. Pileggi
May 04, 2011 22:33

This is a post about the international interest in Delaware corporate law and the global impact of Delaware corporate law. (Parenthetically, after six years of blogging at my former firm, this is my first post on this blog as the head of the Wilmington office of the Eckert Seamans...

New Development in the Berkshire-Hathaway/Sokol Matter

Francis G.X. Pileggi
April 27, 2011 21:18

We previously wrote here about a recent complaint filed in the Delaware Court of Chancery in connection with allegations that David Sokol, a member of Warren Buffett's inner circle at Berkshire Hathaway, profitted personally from what might be considered a corporate opportunity....

Vacancy Announced Today for Delaware Court of Chancery

Francis G.X. Pileggi
April 25, 2011 16:41

 Chancellor William B. Chandler III of the Delaware Court of Chancery formally notified the Governor today that he is resigning before the completion of his current 12-year term. (Pictured to the left is the Chancery Courthouse in Georgetown where the Chancellor maintains his...

New Court of Chancery Courtrooms in Dover

Francis G.X. Pileggi
April 23, 2011 00:04

Courtrooms for the Court of Chancery in Dover will be in a new courthouse as of June 6, 2011, according to an article today in the News Journal, available here. The article explains that the Chancery courtrooms will only be in the new courthouse temporarily while the existing courthouse is...

Delaware Corporate Law and the New Litigation Against Berkshire Hathaway, Warren Buffett, et al.

Francis G.X. Pileggi
April 20, 2011 23:49

Kirby v. Sokol, et al., Del. Ch. No. 6392, is the caption of a lawsuit filed earlier this week in the Delaware Court of Chancery which arises out of the recent resignation of the heir apparent to the Oracle of Omaha, Warren Buffett, based on widely-reported allegations in the mainstream...

Videocast of Recent Court of Chancery Decisions

Francis G.X. Pileggi
April 20, 2011 15:19

On the most recent edition of LexisNexis Corporate and Commercial Insights, available here, Steve Berstler interviews me via videocast where we discuss recent Delaware court cases involving Delaware's use of the federal motion to dismiss standard, when an anti-assignment clause...

Court of Chancery Provides Practical Tips and Procedural Rules for Litigants

Francis G.X. Pileggi
April 18, 2011 15:54

Encite LLC v. Soni, et al., C.A. No. 2476-CC (Del. Ch. April 15, 2011), read letter decision here. Holding Court of Chancery rejected a request for the extension of a deadline for submitting expert reports. Brief Overview   This 7-page letter ruling is a useful tool for the toolbox of...

Non-Party Has Standing As Intervenor to Seek Unsealing of Documents

Francis G.X. Pileggi
April 18, 2011 03:52

While not addressing the question of whether a non-party seeking the unsealing of documents has standing pursuant to Court of Chancery Rule 5(g)(6), the Court held that a non-party nonetheless had standing to intervene and seek unsealing under Rule 24. B.F. Rich Co., Inc. v. Gray, C.A. No....

Commentary on Recent Delaware Decisions interpreting DGCL Section 220: Rights of Shareholders to Books and Records

Francis G.X. Pileggi
April 17, 2011 19:34

The following article appeared in the most recent issue of the recently debuted publication called the Delaware Business Court Insider. Courts Clarifying Shareholders' Rights to Information Kevin. F. Brady and Francis G.X....