Delaware Business Court Insider | News
By Tom McParland | June 5, 2019
The ruling, outlined in a 12-page report from Vice Chancellor J. Travis Laster, could put CompoSecure back on the hook for a nearly $17 million judgment that the state Supreme Court "reluctantly" vacated in the long-running contract dispute.
Delaware Business Court Insider | News
By Tom McParland | May 23, 2019
Investors in TrueCar Inc. are resisting a bid by the Santa Monica-based car-pricing company's directors to temporarily halt a Delaware derivative lawsuit over allegedly inflated stock prices while a federal panel mulls whether to consolidate shareholder claims into multidistrict litigation.
The Legal Intelligencer | Commentary
By Edward T. Kang | May 16, 2019
What happens when a dispute is between or among directors of the same company? Can the company use the attorney-client privilege to shield corporate materials, including any attorney-client privileged materials against a director?
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.
New York Law Journal | Analysis
By David Paul Horowitz and Lukas M. Horowitz | February 19, 2019
In their Burden of Proof column, David Paul Horowitz and Lukas M. Horowitz discuss the recent decision in 'Aybar', in which the Second Department confronted the question of whether a foreign corporation's registration to do business in New York under BCL §§1301(a) and 1304(a)(6) constitutes consent to general jurisdiction in New York. The decision effectively shuts the door, for now, to a New York court's exercise of general jurisdiction over a corporate defendant which is neither incorporated, nor maintains it principal place of business, in New York.
Delaware Business Court Insider | News
By Tom McParland | January 14, 2019
In a 12-page order, Vice Chancellor Joseph R. Slights III stood by his Dec. 14 opinion, which found that two of Fitbit's outside directors could potentially face liability for suspicious stock sales made by venture capital funds under their control.
Delaware Business Court Insider | News
By Tom McParland | January 8, 2019
A Delaware judge is mulling a request that would fast-track state Supreme Court consideration of whether directors can be held liable in derivative litigation for trades that were executed by funds under their control.
The Legal Intelligencer | Commentary
By Edward T. Kang | January 3, 2019
When a corporate director or officer is sued by a third party for alleged misconduct carried out in her capacity as director/officer, the company generally indemnifies the director/officer by defending her against the lawsuit.
Delaware Business Court Insider | News
By Tom McParland | September 27, 2018
IBM has asked a federal judge in Delaware to double an $82.5 million jury verdict in July against Groupon for willfully infringing four patents dating back to the early days of the internet.
Delaware Business Court Insider | News
By Tom McParland | August 24, 2018
A Delaware federal judge has allowed Crystallex International Corp. to begin seizing shares of Citgo Petroleum Corp., as the Canadian gold mining and exploration firm looks to collect a $1.2 billion judgment against the Venezuelan government.
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