Delaware Court of Chancery | Global Insolvency

In brief: Delaware Chancery Court rules that creditor does not forfeit standing to bring derivative suit if corporation becomes solvent

31 July 2015

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Delaware Chancery Court holds that creditor plaintiffs in derivative suits may satisfy standing requirement by showing corporation’s insolvency at time of suit, regardless of later solvency

26 May 2015

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Delaware’s high court affirms dismissal of creditor’s suit against directors

25 May 2007

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Delaware Supreme Court rules against creditors’ ability to bring direct breach of fiduciary duty suits against directors of corporations which are insolvent or are in the zone of insolvency

27 July 2007

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Delaware addresses fiduciary duty claims by creditors

18 July 2007

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Delaware Supreme Court limits scope of “zone of insolvency” fiduciary duties

01 October 2007

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Expanded protections for directors navigating the zone of insolvency

25 October 2007

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Delaware High Court affirms ‘deepening insolvency’ ruling

14 November 2007

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Directors and creditors in the “zone of insolvency”

31 December 2007

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Good-faith Chapter 11 filing determination defeats fiduciary duty breach claim

01 August 2008

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