Compliance and Governance Blog

Xu Hong Bin, et al. v. Heckmann Corp., et al., C.A. No. 4637-CC, Chandler, C. (Del. Ch. Oct. 26, 2009). The Court granted the plaintiffs’ motion to dismiss defendants’ counter-claims based on breach of contract and conversion as failing to state a claim, but denied the dismissal of defendant’s breach of fiduciary duty counter-claim. The …

Olson v. Halvorsen, et al., C.A. No. 1884-VCL, Lamb, V.C. (Del. Ch. May 13, 2009).
Plaintiff was the founder of a successful hedge fund and claimed he was entitled to payment for his equity interest upon having his association with the fund terminated. During trial, it was established that the parties had entered into an oral …

In Meecorp Capital Markets, LLC v. Tex-Wave Industries, LP, 2006 WL 3813779 (S.D. Tex. 2006) one of the issues was the enforceability of a springing guaranty. Under the terms of the guaranty the guarantors had no liability if they cooperated with the foreclosing lender after default. But the guaranty became enforceable if the …

The court in In re Restructuring, Inc., 532 F.3d 355 (5th Cir. 2008) was asked to equitably subordinate certain “eleventh hour” loans by corporate insiders on the grounds of inequitable conduct. Finding no harm to the borrower or the unsecured creditors, the court refused to do so.
John and Jeffrey Wooley were officers and directors …

CSC Media® recently announced the release of the 2008 Edition of Massachusetts Laws Governing Business Entities. This publication includes includes the latest legislative changes and more than 30 new case annotations, as well as:

The full text of two court opinions that consider the issue of standing in derivative actions
A new appendix that provides a complete …

In collaboration with LexisNexis® Matthew Bender®, CSC® Media has announced the release of the 2008 edition of a popular law publication.
The 2008 Edition of Pennsylvania Laws Governing Business Entities includes 50 new case annotations and the most current annotated business entity legislation. It also makes the research process faster and more efficient with:

A Table …

CSC now provides you with the ability to quickly form a corporation or LLC online using a quick order entry tool. We’ve created a thorough – but quick online application to submit all your formation information online. Once submitted, a qualified CSC Service Representative reviews your submission, prepares the required state forms and …

Cook County Illinois recently took steps to protect residents of the county from predatory lending practices. It should be no surprise that local and state governments are legislating against lenders to prevent another sub-prime mortgage crisis in the future. Great news for Cook County residents, but what does it mean for lenders and …

We’ve placed a link for you to pull the Guam annual report forms Corporate Annual Report Form and LLC Annual Report Form. Guam will NO LONGER send you a copy by postal mail.
The Territory of Guam Government requires all domestic and foreign Corporations and Limited Liability Companies file an annual report between July 1 and …

As a long-established Registered Agent in the state of Nevada, Corporation Service Company forwards annual reports from the Secretary of State to our corporate clients. The Nevada Secretary of State recently changed its procedures for forwarding annual reports and will no longer issue paper reports.
Instead, CSC will notify corporate clients of the due date for …