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Delaware Securities Law Questions & Answers
1 Answer | Asked in Securities Law and Business Law for Delaware on
Q: I want to start a hedge fund in Delaware and act as a manager, do I need a investment advisor licence to do that?
James L. Arrasmith
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answered on Nov 19, 2023

Starting a hedge fund in Delaware and acting as its manager does typically require you to register as an investment advisor, depending on certain factors. The requirement for registration is governed by both federal and state laws, which vary based on the assets under management, the number of... View More

1 Answer | Asked in Bankruptcy, Securities Law and Stockbroker Fraud for Delaware on
Q: I'm wondering how to get an injunction to stop a bankruptcy recently filed in Delaware by Vivus, Inc.

The creditor (IEH) with the collusion of management is grossly undervaluing assets (3 separate FDA approved drugs and one pipeline drug) more properly valued at $500M. Management was to have refinanced the $170M debt already but due to gross negligence or complicity with creditor failed to do so.... View More

David Luther Woodward
David Luther Woodward
answered on Jul 14, 2020

Firstly, a forum like this is an inadequate place to answer a complex question such as yours.

If you--and other stockholders--are aggrieved then you need to hire your own lawyer to appear on your behalf to address the issues. There is no way to enjoin the progress of a bankruptcy--only to...
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1 Answer | Asked in Securities Law for Delaware on
Q: What does not filed unsecured means
Adam Studnicki
Adam Studnicki
answered on Jul 21, 2015

Hard to answer without knowing the context of the situation.

1 Answer | Asked in Securities Law for Delaware on
Q: We had a probate lawyer from Delaware to help us claim stock, in2008. They now want us to pay fees. Is this legal?
Charles Snyderman
Charles Snyderman
answered on May 5, 2014

It's tough to answer your question without more information. Did you have a fee agreement with the lawyer? Were you previously billed by this lawyer? When did the lawyer's services end? When was the Estate closed?

Without answers to these questions, my advice would be to write a...
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1 Answer | Asked in Securities Law for Delaware on
Q: Does Delaware allow for non-voting Directors on the Board?

Sec 141(d) of the corp code uses the phrase "less than 1 vote" for Directors with varying voting rights. Does this imply that a zero vote is an option?

Charles Snyderman
Charles Snyderman
answered on Feb 1, 2013

Yes, For example, there can be an advisory director or an honorary director.

1 Answer | Asked in Securities Law for Delaware on
Q: General Question. When a case is transfered from one district court to another, is it listed as newly filed?
Charles Snyderman
Charles Snyderman
answered on Feb 1, 2013

Please explain the context in which you are asking this question. If it's merely for academic reasons, you might try calling the Clerk of the federal district court the case is being transferred to.

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