Doerler v. American Cash Exchange Inc. by Delaware Chancery Court on 2/19/2013
Plaintiffs presented credible evidence that the controlling stockholders of ACE have engaged in self-dealing with the corporation. However, Vice Chancellor Glasscock believed the request was overbroad and limited the inspection to books and records related to insider transactions.
MoneyGram Payment Systems Inc. v. Citigroup Inc. by Minnesota Court of Appeals on 2/11/2013
Citigroup and two of its subsidiaries will be permitted to arbitrate fraud and misrepresentation claims by a client that bought more than $180 million of complex mortgage-related products but lost value during the financial crisis because the claims fall within the scope of the arbitration provision in the parties’ client-services agreement.
Balch Hill Partners, L.P. v. Shocking Technologies, Inc. by Court of Chancery on 2/7/2013
The threat of insolvency to a company is sufficient to raise a possibility of irreparable harm and warrant the granting of expedited proceedings to consider the appointment of a receiver or custodian for the company.