Archive for March 2015

By: Tina Calilung As the debate over highly controversial fee-shifting bylaws rages on[1], the Delaware Chancery Court has weighed in to clarify at least one point on the matter: Delaware General Corporate Law (DGCL) does not permit companies to adopt bylaws that purport to regulate the rights or powers of former stockholders. Thus, in Struogo v.…

By: Anna Currier On September 24, 2014, a putative class action was filed by Plaintiff Amish Patel, a holder of Defendant Axesstel stock.[1] Axesstel, Inc., a company that sells wireless and broadband products worldwide, has 35 full time employees, with 15 of those employees located in the United States.[2] The Complaint alleged violations of Rule…

By: George John The Federal Aviation Administration (“FAA”) has jurisdiction over the national airspace, but the agency has never had Unmanned Aircraft System (“UAS” or “drone”) in that airspace before.[1] As set forth in the 2012 FAA Modernization and Reform Act, UAS refers to “an unmanned aircraft and associated elements including communication links and the…