U.S. stockholders can get the discovery they seek from a French corporation accused of breaching its fiduciary duties in transactions with a U.S. video game publisher, because the ‘‘expansively broad’’ French blocking statute does not adequately ‘‘identify the nature of the sovereign interests in nondisclosure of specific kinds of material,’’ the Delaware Court of Chancery ruled Feb. 21 (In re Activision Blizzard, Inc. Stockholder Litig., 2014 BL 47162, Del. Ch., No. 8885- VCL, 2/21/14). >>
The Texas Supreme Court denied a petition for review stemming from the Houston Court of Appeals’ Barzoukas v. Found. Design, Ltd.
decision. The case is significant because of its application of the economic loss rule (under Texas law) in the context of an owner-subcontractor dispute. >>
By now the following fact pattern is almost choreographed: an employee downloads a generous helping of information from his or her employer’s confidential electronic data stores, then quits and uses the pinched information to either start or join a competing business. >>