A series of recent rulings from the Delaware Chancery Court have sharply criticized, and may have ultimately curtailed, the common but controversial practice of disclosure-only settlements in the context of public company merger litigation. Despite these recent rulings, shareholder plaintiffs’ counsel are likely to continue to sue on deal announcements, so Delaware’s discontent with disclosure-only settlements begs the question of whether plaintiffs will avail themselves of other jurisdictions.
The nub of the blockchain is that it is conceptually simple and that its virtues rely on generic computer processes. Application of Alice and Bilski to blockchain utilization is fatal to the concept of deploying blockchain methods in the service of proprietary financial accounting systems.
Colorado and at least twenty-two other U.S. states and the District of Columbia have legalized some form of use of marijuana. U.S. federal law, however, still prohibits the possession, distribution and use of marijuana. Recent bankruptcy case dismissals reveal that though marijuana businesses may be legal under state law, because they violate federal drug law, such businesses are ineligible for relief under the U.S. Bankruptcy Code.