Delaware Business Court Insider | News
By Tom McParland | July 24, 2018
Three law firms are pressing their case for $129 million in attorney fees in a shareholder suit over Facebook Inc.'s since-abandoned plan to reform its stock structure in a way that would have given founder Mark Zuckerberg more control over the company.
By Kristen Rasmussen | July 2, 2018
In an apparent rebuke to the company's executive compensation plan, about 60.5 million shareholders voted against the re-election of Victoria Morrison to Bed Bath & Beyond's corporate board. Morrison is the GC at Edison Properties in New Jersey.
Delaware Business Court Insider | News
By Tom McParland | May 23, 2018
CBS on Wednesday defended a board vote that sharply reduced the voting power of Shari Redstone, its controlling stockholder, filing an amended complaint that her bid to block the move was "inequitable and invalid" and arguing that it acted to preserve the discretion of independent directors.
Delaware Business Court Insider | News
By Tom McParland | May 22, 2018
Activist investor Carl Icahn on Monday sued AmTrust Financial Services Inc. in the Delaware Court of Chancery, accusing the New York-based workers' compensation insurer of undervaluing the company in a $2.7 billion go-private bid in order to benefit its controlling family.
Delaware Business Court Insider | Update
By Tom McParland | May 17, 2018
CBS Corp.'s board of directors late Thursday voted to strip its controlling stockholder of most of her voting power, setting up the next showdown in the media giant's ongoing struggle with Shari Redstone and her family's National Amusements Inc. for control of the company.
Delaware Business Court Insider | News
By Tom McParland | April 24, 2018
The Delaware Supreme Court on Monday upheld a Delaware Court of Chancery ruling that found Sprint's $3.6 billion acquisition of telecommunications firm Clearwire in 2013 had valued Clearwire at more than twice what it was actually worth.
By Tom McParland | April 11, 2018
The former commissioner of rapper Ice Cube's three-on-three basketball league is seeking access to corporate records in connection to claims its co-founders made him a scapegoat for fraud and mismanagement within the organization.
Delaware Business Court Insider | News
By Tom McParland | April 9, 2018
A Delaware judge has approved The Weinstein Co.'s blueprint for the bidding procedures governing the troubled movie studio's fast-tracked bankruptcy sale.
Delaware Business Court Insider | News
By Tom McParland | March 29, 2018
The Delaware Court of Chancery on Wednesday allowed an investor lawsuit against Elon Musk and Tesla Motors Inc. to proceed, finding there is reason to believe Musk controlled the Tesla board when the company paid $2.6 billion to acquire a debt-saddled firm that he helped to found.
Delaware Business Court Insider | News
By Tom McParland | February 28, 2018
The Delaware Supreme Court said Tuesday that it plans to reach a decision in April on Elizabeth Elting's challenge to the Delaware Court of Chancery-ordered sale of TransPerfect to her rival on the company's board.
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