The Legal Intelligencer | Commentary
By Francis J. Lawall and Brenden S. Dahrouge | February 9, 2024
The now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
Delaware Business Court Insider | News
By Ellen Bardash | February 7, 2024
The case, one attornmey said, uniquely issues of administrative, agency and securities law—and how they apply to a deal made at a time when regulatory standards for the crypto industry are evolving.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | February 7, 2024
In the court's recent decision, Icahn Partners v. Francis deSouza, the plaintiff Icahn stockholders sought to use privileged and confidential information shared with them by their designated director in a complaint, asserting direct and derivative fiduciary claims against other directors.
Delaware Business Court Insider | News
By Ellen Bardash | February 5, 2024
Plaintiff's counsel was was part of the team that persuaded a Missouri jury to award three plaintiffs who had non-Hodgkin lymphoma a total of $1.56 billion in November.
Delaware Business Court Insider
By Greg Andrews | February 5, 2024
Chancellor Kathaleen McCormick found Maron was "totally beholden" to the billionaire and that three of Tesla's eight board members were as well.
The Legal Intelligencer | Commentary
By Lawrence J. Kotler and Ryan Spengler | February 2, 2024
In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
Delaware Business Court Insider | News
By Ross Todd | February 2, 2024
A team led by Greg Varallo and Jeroen van Kwawegen of Bernstein Litowitz Berger & Grossmann and David Tejtel of Friedman Oster & Tejtel secured a post-trial ruling from Delaware Chancellor Kathaleen McCormick finding that when it came to the Tesla CEO's pay package "Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit."
Delaware Business Court Insider
By Emily Saul | February 1, 2024
Plaintiff Wilmington Trust filed a motion for summary judgment in lieu of a complaint in Manhattan Supreme Court Wednesday.
By Ellen Bardash | February 1, 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
Delaware Business Court Insider | News
By Charles Toutant | January 31, 2024
Michael Bernabe, who is white, was logged into a virtual team meeting on July 29, 2020, when other employees heard him shout profanity and the N-word.
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