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Court Of Chancery Adopts A Floating Post-Judgment Interest Rate On Remand
A Delaware Court of Chancery decision explores the discretionary nature of post-judgment interest rates in equity, rejecting both parties' fixed-rate proposals in favor of a floating rate tied to the Federal Reserve discount rate. The ruling demonstrates how courts balance full compensation for prevailing parties against preventing windfalls in volatile interest rate environments.
United States Litigation
PF
Pierson Ferdinand LLP
Article
Delaware Superior Court Confirms Shareholder Representative Standing And Dismisses A Duplicative Implied Covenant Claim
A Delaware Superior Court decision confirms that appointed shareholder representatives have standing to pursue post-closing merger disputes on behalf of selling stockholders, while clarifying when implied covenant claims will be dismissed as duplicative of express contractual obligations. The ruling addresses two recurring issues in M&A litigation: the authority of shareholder representatives and the proper scope of gap-filling doctrines in contract interpretation.
United States Commercial
PF
Pierson Ferdinand LLP
Article
Logs Of Private Emails Conducting ‘Government-Related’ Business Now Deemed Government Records Subject To OPRA Disclosure, Rules New Jersey Supreme Court
The New Jersey Supreme Court has ruled that government-related emails stored in public officials' personal email accounts are subject to disclosure under the Open Public Records Act (OPRA). This landmark decision in Rosetti v. Ramapo-Indian Hills Regional High School Board of Education establishes that public business cannot be shielded by using private email accounts, creating significant implications for both public entities and those seeking government records.
United States Government
LS
Lowenstein Sandler
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