By Chris O'Malley | December 12, 2023
Nuclear reactor company NuScale Power's failed Idaho project has spurred at least one lawsuit so far from plaintiff attorneys who say executives' comments about the likelihood of pulling it off were overly rosy.
Delaware Business Court Insider
By ALM Staff | August 15, 2023
This suit was surfaced by Law.com Radar. Read the complaint here.
By Ellen Bardash | July 24, 2023
The problem with the settlement, the court said, is its proposed release of claims involving AMCs preferred equity shares, or APEs, held by those who also hold common stock.
By Ellen Bardash | June 29, 2023
Attorneys for the shareholder plaintiffs and defendant AMC, both in favor of the proposed settlement, argued a stock conversion is the best possible option for shareholders, though objectors held firm that it would unfairly strip value from individual holders of common stock.
By Ellen Bardash | April 25, 2023
The case, filed in February, challenges a plan to convert APEs, AMC's preferred shares, into common stock.
By Stephen Blake and Jordan Lamothe | March 9, 2023
There has been a noticeable increase in the frequency of Caremark claims over the past four years, and this trend carries significant implications for companies' design of their oversight structures, as well as for the potential liability of directors and officers, according to Stephen Blake and Jordan Lamothe of Simpson Thacher & Bartlett.
By Ellen Bardash | February 21, 2023
Bernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
By Ellen Bardash | February 16, 2023
Meta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
By Alaina Lancaster | January 23, 2023
When plaintiffs counsel misspoke calling the Tesla CEO "Mr. Tweet," Musk laughed, saying "That's probably accurate."
By Ellen Bardash | January 18, 2023
"I will not advise plaintiff on the proper way to find a forum," the vice chancellor wrote. "This was not it."
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