Narrowstep inc. v. onstream media corporation

2020-04-01 12:35

POMPANO BEACH, Fla. March 20, 2009 Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and ondemand digital media communications and applications, today announced several recent corporate actions and business developments, including the termination of the Definitive Agreement to acquire Narrowstep, IncDec 30, 2010  Narrowstep, Inc. v. Onstream Media Corporation, C. A. No. 5114VCP (Del. Ch. Dec. 22, 2010), read 45page opinion here. . Issue Addressed. The Court of Chancery in this 45page opinion granted a motion to dismiss a claim that was asserted based on the implied covenant of good faith and fair dealing but the Court denied the motion to dismiss claims relating to unjust enrichment and narrowstep inc. v. onstream media corporation

In this Technology industry mergers and acquisition litigation hearing, defendant Onstream Media sought to dismiss the lawsuit filed by the plaintiff Narrowstep Inc. In its lawsuit plaintiff alleged the defendant of fraud, breach of contract, breach of the implied covenant of good faith and fair dealing and specific performance claims, in connection with the Merger Agreement executed with the

Onstream Media Corporation Signs Definitive Agreement to Acquire Narrowstep Inc. Acquisition Combines Leading Technologies to Provide a Comprehensive Internet TV and IPTV Offering. POMPANO BEACH, FL May 30, 2008 Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and ondemand internet video, announced Sep 07, 2010 This case arises out of a failed merger between Narrowstep, Inc. ( Narrowstep ) and Onstream Media Corporation ( Onstream ). In 2008, the parties entered into a merger agreement that required them, among other things, to use their reasonable best efforts to close the merger expeditiously. narrowstep inc. v. onstream media corporation Dec 21, 2010  In this opinion the Court of Chancery dismissed a claim for breach of the implied covenant of good faith and fair dealing, but declined to dismiss claims of breach of contract, unjust enrichment and fraudulent inducement in connection with the failed merger of Onstream Media Corporation (Onstream) and Narrowstep, Inc. (Narrowstep), two internet TV service providers.

Onstream Media Corporation, Onstream Merger Corp. , Narrowstep Inc. and W. Austin Lewis IV, as Shareholder Representative (the Merger Agreement or Agreement). 4 Pursuant to the Agreement, Narrowstep agreed to consolidate its operations with 1 Pl. 's Verified Compl. (the Complaint) 1, 3. narrowstep inc. v. onstream media corporation Dec 27, 2010 In this opinion the Court of Chancery dismissed a claim for breach of the implied covenant of good faith and fair dealing, but declined to dismiss claims of breach of contract, unjust enrichment In Narrowstep, Inc. v. Onstream Media Corp. , C. A. No. 5114VCP (Del. Ch. Dec. 22, 2010), the Court of Chancery, expressly relying on the motion to dismiss standard articulated by the United States Supreme Court in Bell Atlantic v. In the recent decision Narrowstep, Inc. v. Onstream Media Corporation, Vice Chancellor Parsons of the Delaware Court of Chancery granted a motion to dismiss a claim for breach of the implied covenant of good faith and fair dealing, but denied a motion to dismiss claims relating to

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