Delaware Business Court Insider | News
By Tom McParland | April 26, 2019
Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
Delaware Business Court Insider | News
By Tom McParland | November 14, 2017
A Booz Allen Hamilton shareholder on Monday filed derivative litigation against members of the government contractor's board, after the company announced in June that the U.S. Department of Justice had begun probing its accounting and cost-charging practices.
Delaware Business Court Insider
By Tom McParland | July 12, 2017
A stockholder and former employee who was forced out of a startup company providing cloud-based temperature monitoring may examine the firm's books and records, the Delaware Court of Chancery ruled Tuesday, rejecting arguments that his status had been properly rescinded.
Delaware Business Court Insider
By Tom McParland | June 13, 2017
The executive chairman of the Cypress Semiconductor Corp. board has resigned amid allegations linking him to one of the company's top competitors, a move that sets up the possibility of total victory for the firm's founder and former chief executive in a heated proxy fight that has spilled into the Delaware Court of Chancery.
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