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Bouchard: Tobacco Company Still Responsible for Florida Settlement Payments
The Delaware Court of Chancery on Thursday blocked an attempt by tobacco company ITG Brands to extricate itself from a dispute over $30 million in annual settlement payments owed to the state of Florida after the company acquired four popular brands of cigarettes from R.J. Reynolds Tobacco Co.
Theranos, Walgreens Ask Judge to Dismiss $140M Lawsuit
Walgreen Co. and Theranos Inc. on Friday asked a federal judge in Delaware to dismiss a $140 million lawsuit claiming that the Palo Alto-based startup had breached the companies' contract and mislead the drugstore chain about its ability to deliver on its fundamental promise.
Bouchard Tosses Suit to Force Renegotiation of $7.4M Loan
The owner of a large commercial property in Wilmington is responsible for a $7.4 million loan, after the Delaware Court of Chancery ruled Monday that the loan's special servicer was under no obligation to renegotiate its terms.
US Magistrate Greenlights Walgreens' $40M Suit Against Theranos
A U.S. magistrate judge on Thursday said that Theranos Inc. should not be allowed to avoid an attempt by Walgreen Co. to recover $40 million it says it is owed after the embattled blood-testing company failed to deliver on its fundamental promise.
Pharma Company Avoids $50M Payment Obligation Over Cancer Drug
The Delaware Court of Chancery on Wednesday ruled that drugmaker Gilead Sciences Inc. can avoid a $50 million milestone payment to shareholders of a company it bought in 2011, finding that a drug it acquired from Calistoga Pharmaceuticals Inc. did not win the kind of broad approval needed to trigger the post-closing bonus.
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Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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Derek Jeter to Face Fraud Allegations
Former New York Yankees shortstop Derek Jeter will have to defend against allegations that he defrauded luxury underwear maker RevolutionWear Inc.
District Court Greenlights Suit Against German Manufacturer
A Delaware federal judge has allowed a contractual suit against a German airplane-parts manufacturer to proceed, finding the court maintained personal jurisdiction over the company under Delaware's long-arm statute.
Chancery Court Upholds Arbitration Award Against State Representative
The Delaware Court of Chancery has confirmed an arbitration award of more than $86,000 to a Delaware construction company for unpaid work at the Wilmington home of a state representative and his wife.
Delaware Supreme Court Passes On $100M Twitter Pre-IPO Dispute
A three-member panel of the Delaware Supreme Court last week refused to take up an appeal of a Superior Court decision to let stand breach-of-contract claims brought against Twitter Inc. by Cayman Islands entities, which alleged the social media giant had shut them out of an agreement to buy Twitter's pre-initial public offering shares.
Confidentiality Duty May Outlast Employment Relationship, LLC
An employer may be able to require specific performance of a confidentiality agreement after the resignation of an employee and after the dissolution of the entity making the contract, the Delaware Court of Chancery has said.TRENDING STORIES
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