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New Chancery Court SPAC Decision Allows Shareholder Redemption Rights Claims to Advance
Whether representing a SPAC or not, fiduciaries are required under Delaware law to be transparent with shareholders, Vice Chancellor Lori Will said, noting however that the unique structure of a SPAC leads shareholders to be harmed individually if they aren't able to fairly exercise their redemption rights.Superior Court Rules Verizon to Recover $120M From Insurers
"The securities claim definition at issue here is in a standard form that is used by policyholders across the country," said Keith McKenna, a partner at Cohen Ziffer Frenchman & McKenna.Potter Anderson Among Firms Sharing $2M in Legal Fees from Pinterest IPO
Pinterest's IPO has generated $2 million in legal fees, with the company expected to begin trading next week.Tribune Sues for $1B in Damages After Canceling Deal With Sinclair
The lawsuit filed by Debevoise & Plimpton targets Sinclair's "belligerent and unnecessarily protracted" negotiations with regulators.Dallas-Based Investors Emerge as Weinstein Co. Buyers
Lantern Capital Partners is on the verge of acquiring The Weinstein Co. in a bankruptcy sale, after it was revealed that no bidders had topped the private equity firm's $310 million offer to buy the embattled studio's film library and television business.View more book results for the query "*"
Del. Supreme Court Upholds Discount in Appraisal Lawsuit Stemming From Telecom Deal
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.Movie Theater Chain Investors Seek Appraisal in $3.6B Merger
Former investors in the movie theater chain Regal Entertainment Group on Tuesday filed a petition in the Delaware Court of Chancery seeking appraisal of their shares in connection with the movie theater chain's $3.6 billion merger with U.K.-based Cineworld Group.Download Now
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