Delaware Business Court Insider | News
By Ellen Bardash | March 4, 2024
Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer attorneys stressed they're seeking only a fraction of what Delaware law would allow.
Delaware Business Court Insider | News
By Ellen Bardash | January 31, 2024
Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted one possible takeaway: "Never incorporate your company in the state of Delaware."
Delaware Business Court Insider | News
By Ellen Bardash | January 30, 2024
Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
Delaware Business Court Insider | News
By Ellen Bardash | January 11, 2024
"Because settlements of derivative actions are not indemnifiable by the nominal company defendant in Delaware, this would defeat a key function of D&O insurance."
Delaware Business Court Insider | News
By Ellen Bardash | October 13, 2023
Tesla's shareholders and its board have agreed to settle their Court of Chancery litigation over director compensation, but their attorneys still…
Delaware Business Court Insider | News
By Ellen Bardash | September 11, 2023
An attorney in the case said said, but it's not uncommon to see such a settlement finalized when the motion has been fully briefed but not argued or resolved.
Delaware Business Court Insider | News
By Ellen Bardash | September 8, 2023
The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
By Emily Saul | September 1, 2023
Manatt, Phelps & Phillips successfully argued a lawsuit brought against clients Mullen Automotive must be filed in Delaware, per internal affairs doctrine under the company's charter.
Delaware Business Court Insider | News
By Ellen Bardash | June 13, 2023
A complaint brings Caremark, Massey, Brophy and unjust enrichment claims asserting Carvana's lack of compliance with state laws has lost the company billions of dollars and opened the door for billions more in liability.
Delaware Business Court Insider | News
By Ellen Bardash | March 29, 2023
Lawyers for the automaker argued that the shareholders' complaints, including the lack of an independent committee to steer negotiations, couldn't be examined in isolation.
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