CBS Board to Face Claims Over Payments to Ailing Redstone
The Delaware Court of Chancery on Thursday ruled the CBS Corp. board must face claims it improperly approved millions of dollars in payments to Sumner Redstone after the company's former executive chairman became incapacitated in 2014.
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The Delaware Court of Chancery on Thursday ruled the CBS Corp. board must face claims it improperly approved millions of dollars in payments to Sumner Redstone after the company’s former executive chairman became incapacitated in 2014.
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A breach of contract suit over the sale of a contaminated chemical site in New Jersey can be expanded to include claims that the seller concealed information about its remediation efforts and tried to stick Ashland Inc. with the bill for the cleanup, a Delaware judge has ruled.
A Delaware Court of Chancery judge on Monday allowed former investors in Straight Path Communications Inc. to proceed with claims that its controlling stockholder used his power to avoid more than $500 million in liability stemming from the telecommunication company's $3.1 billion sale to Verizon.
The Delaware Supreme Court on Monday effectively revived a shareholder suit challenging Fresh Market Inc.'s $1.4 billion acquisition by a private equity firm, in an opinion that served as a "cautionary reminder" that partial disclosures cannot secure business-judgment protections under the Corwin doctrine.
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