Delaware Business Court Insider | News
By Ellen Bardash | March 9, 2023
In a complaint, buyers said they were duped in a "bait and switch," with Dodge advertising that a special edition would only be manufactured for 2021, but then reversed field and said it planned to produce more.
Delaware Business Court Insider | News
By Ellen Bardash | March 9, 2023
The complaint brings claims against Block's co-founder and chairperson, Jack Dorsey, along with Block's 10 other board members, including Jay-Z, who founded the majority Block-owned music platform TIDAL.
Delaware Business Court Insider | News
By Ellen Bardash | March 7, 2023
The new complaint extensively details the plaintiff's pre-suit demand process beginning in October 2021, stating Kraft Heinz, rather than forming an independent committee of directors to investigate, created a working group consisting of two allegedly conflicted directors.
Delaware Business Court Insider | News
By Ellen Bardash | March 6, 2023
Abrams & Bayliss attorneys with Quinn Emanuel Urquhart & Sullivan of counsel state in the complaint that if the Court of Chancery frees funds for Alameda, which has filed for Chapter 11, over a million other trust shareholders would also benefit.
Delaware Business Court Insider | News
By Ellen Bardash | March 3, 2023
It's the only jury verdict Judge Mary M. Johnston has overturned in two decades on the bench, and it's one of just 11 times in the past 10 years a Delaware Superior Court judge has granted a new trial in any type of case.
Delaware Business Court Insider | News
By Ellen Bardash | March 2, 2023
The largest segment by far is the $25.1 million billed by FTX lead counsel Sullivan & Cromwell across two filings.
Delaware Business Court Insider | News
By Ellen Bardash | February 21, 2023
Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
Delaware Business Court Insider | News
By Ellen Bardash | February 16, 2023
Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
Delaware Business Court Insider | News
By Ellen Bardash | February 15, 2023
Vice Chancellor Lori Will has cleared her calendar for Feb. 20 to hear argument on a segment of the petitions that cite Vice Chancellor Morgan Zurn's decision in 'Garfield v. Boxed Inc.'
Delaware Business Court Insider | News
By Ellen Bardash | February 14, 2023
The complaint alleges Meta's management led the company to a series of legal battles by using data to seek out and acquire competitor companies and inflating video advertising metrics.
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