In recent months, a conversation has emerged as to whether Delaware should remain the favored state of incorporation for business entities. Indeed, many of our clients have asked us.
In Dunn v. Chappelle bankruptcy trustee sued officers and directors of limited partnership and related entities for operating drilling program despite having lower than expected results. Defendants filed motion to dismiss. Court granted it in part and denied it in part.
In Dunn v. Chappelle (In re Alta Mesa Res., Inc.), a bankruptcy trustee sued the officers and directors of a limited partnership and related entities for operating a drilling program.