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Amendments to Delaware's LLC and Partnership Legislation Enacted
The Delaware General Assembly has recently enacted legislation amending the Delaware Limited Liability Company Act, the Delaware Revised Uniform Limited Partnership Act and the Delaware Revised Uniform Partnership Act. The following is a brief summary of some of the more significant amendments that affect Delaware limited liability companies, Delaware limited partnerships and Delaware general partnerships. View >
Intellectual Property
Delaware Intellectual Property Law Update

This update provides short updates on judicial decisions, trends, and notable events in the United States District Court for the District of Delaware, traditionally one of the three busiest jurisdictions for intellectual property litigation.

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Limited Liability Company and Partnership Advisory
El Paso Pipeline GP Company, L.L.C. v. Brinckerhoff: Delaware Supreme Court Holds Limited Partner's Claims Challenging MLP Dropdowns Are Derivative and Were Extinguished by Merger
 In El Paso Pipeline GP Company, L.L.C. v. Brinckerhoff, No. 103, 2016 (Del. Dec. 20, 2016), the Delaware Supreme Court reversed the Court of Chancery’s holding that a limited partner maintained standing to pursue his claims challenging a dropdown transaction after the limited partnership was acquired by merger.  The Supreme Court rejected the Chancery Court’s holding that the plaintiff’s claims arose out of a breach of the partnership agreement and, therefore, were direct in nature.  As the claims were derivative, they passed to the buyer in the merger, thereby extinguishing the plaintiff’s standing.  View >
Intellectual Property
Delaware Intellectual Property Law Update

This update provides short updates on judicial decisions, trends, and notable events in the United States District Court for the District of Delaware, traditionally one of the three busiest jurisdictions for intellectual property litigation.

View >