Justia Delaware Court of Chancery Opinion SummariesArticles Posted in Estate Planning
in Re: Ren Xiong Estate
Husband died intestate in 2008. A woman, claiming to be his wife, was appointed as administrator of the estate. Petitioner, who resides in the Peoples’ Republic of China, alleged that she was the surviving spouse and sought an elective share. The petition was dismissed. According to petitioner, the first stipulation of dismissal was based upon counsel’s belief that the parties had reached a settlement, and the second stipulation of dismissal was to allow parallel litigation in Pennsylvania. Unable to resolve that litigation, petitioner filed the instant action in May 2011. In her belated response to a motion to dismiss, petitioner alleged that she was not informed of husband’s death for several weeks, and was not timely notified of appointment of the administrator. The court declined to set aside the dismissal. No petition for an extension of time for election was filed during the sixth-month period. The first petition was filed more than five months after the limitations period had expired, and the current petition was filed nearly two years after the limitations period had expired.View "in Re: Ren Xiong Estate" on Justia Law
Blaustein v. Lord Baltimore Capital Corp.
Plaintiff, both individually and as the trustee of several trusts that she directed, asserted claims against defendants arising out of her decision to invest in Lord Baltimore. Defendants moved to dismiss all of the claims asserted against them. The court held that defendants' motion to dismiss was granted, except to plaintiff's claim that there was an implied covenant in the Shareholders' Agreement requiring that repurchase proposals be presented to and considered by the Board, which was not dismissed. View "Blaustein v. Lord Baltimore Capital Corp." on Justia Law