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Ellen Bardash is ALM's reporter covering Delaware litigation for Delaware Law Weekly and Delaware Business Court Insider. She can be contacted at [email protected], on Twitter @Dellenware or on Threads @ellenbardash.
November 16, 2020 | The Recorder
Two proposed class actions have been filed against Charles Schwab and ViacomCBS in the Delaware Court of Chancery suits challenging corporate bylaws for the removal directors.
By Ellen Bardash
1 minute read
October 26, 2020 | The Recorder
The case challenged a proposed reclassification effectively transferring the majority of founder and CEO Mark Zuckerberg's interest in Facebook without diminishing his voting power.
By Ellen Bardash
1 minute read
October 22, 2020 | Delaware Business Court Insider
The shareholder derivative suit alleges 10 of the San Diego-based company's officers and directors intentionally gave investors nonspecific information and failed to disclose the risk factors of Pracinostat, a drug for which an international clinical trial was halted in July just before MEI's share price dropped more than 18% in a day.
By Ellen Bardash
1 minute read
October 5, 2020 | The Recorder
"If Mr. Adams is held to have standing here, then I think anyone would have standing to challenge provisions of constitutions that they have academic disagreements with simply by saying that they might want to take advantage of them at some point," said Michael McConnell, of Wilson Sonsini Goodrich & Rosati in Palo Alto, California, representing Delaware Gov. John Carney.
By Ellen Bardash
1 minute read
September 24, 2020 | Delaware Business Court Insider
A shareholder suit alleges the Nikola's reputation and success, including a recently announced $2 billion in-kind agreement with General Motors, were based on lies.
By Ellen Bardash
1 minute read
August 7, 2020 | Delaware Business Court Insider
One attorney in the case said the California case calls into question how courts in many states with constitutional rights to jury trial may evaluate forum selection clauses that specify Delaware Chancery Court as a jurisdiction.
By Ellen Bardash
1 minute read
July 31, 2020 | The Recorder
Since San Jose-based Zoom went public, it was falsely promoted as having "robust security capabilities," including "end-to-end encryption," and although initial offering documents included language about the potential risks of cybersecurity, and that language wasn't indicative of the level of risk known at the time.
By Ellen Bardash
1 minute read
July 24, 2020 | Delaware Business Court Insider
Retailers have asked that—because they did not know when entering into their leases that their stores would be forced to close—those leases be terminated and reformed.
By Ellen Bardash
1 minute read
June 18, 2020 | The Recorder
The IRS told Altaba it owed $1.5 billion in unassessed income and employment tax liabilities after revising the claim once and then a second time after Altaba filed its 2019 income tax return in April.
By Ellen Bardash
1 minute read
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