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  • Stream TV Networks, Inc. v. SeeCubic, Inc.

    Publication Date: 2022-06-28
    Practice Area: Corporate Governance
    Industry: Investments and Investment Advisory | Technology Media and Telecom
    Court: Delaware Supreme Court
    Judge: Justice Valihura
    Attorneys: For plaintiff: Andrew S. Dupre, Brian R. Lemon, Steven P. Wood, Sarah E. Delia, Stephanie H. Dallaire, McCarter & English, LLP, Wilmington, DE for appellants.
    for defendant: Robert S. Saunders, Jenness E. Parker, Bonnie W. David, Lilianna Anh P. Townsend, Trevor T. Nielson, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, DE; Eben P. Colby, Marley Ann Brumme, Skadden, Arps, Slate, Meagher & Flom LLP, Boston, MA for appellee.
    Case Number: D69864

    Board committee action approving omnibus agreement moving company's assets into a "NewCo" was invalid where company's charter required approval of one class of shareholders for "asset transfers."