Delaware Business Court Insider | News
By Ellen Bardash | December 15, 2022
Across the total of five federal and three Chancery matters pending in Delaware against EV companies, three are currently stayed entirely, on hold for separate securities class actions.
Delaware Business Court Insider | News
By Ellen Bardash | November 16, 2022
Attorneys with Quinn Emanuel Urquhart & Sullivan and Labaton Sucharow are co-lead counsel for plaintiffs who held a total of about 200 million shares in the computer maker.
Delaware Business Court Insider | News
By Isha Marathe | November 10, 2022
Podhurst Orseck and Veristar are embroiled in litigation regarding a $7 million data storage fee that the plaintiffs' firm does not agree to pay, citing an agreement for free storage with since-acquired Planet Data.
Delaware Business Court Insider
By Ellen Bardash | October 25, 2022
The proposed class of GNC shareholders, those who held Class A common stock between February 2018 and June 2020, is represented by New Jersey attorney John Tang, who is also a named plaintiff in the case, owning nearly 8% of GNC's stock.
Delaware Business Court Insider | News
By Ellen Bardash | August 3, 2022
The complaint claims the amendment of California-based Snap's IPO charter without a shareholder vote constitutes a breach of fiduciary duty.
Delaware Business Court Insider
By Ellen Bardash | August 1, 2022
The class action complaint, filed by Prickett, Jones & Elliott and Scott+Scott, states that the shareholders, not Twitter as an entity, have the most to lose if the merger doesn't go through, with the board recognizing repeatedly that the deal is for shareholders' benefit.
Delaware Business Court Insider
By Ellen Bardash | May 6, 2022
The crux of the complaint is that under Section 203, Musk is now considered an interested stockholder, and his takeover can't go through until 2025 unless two-thirds of other shareholders vote in favor.
Delaware Business Court Insider | News
By Ellen Bardash | April 4, 2022
The complaint filed in Delaware federal court is seeking class action status against Shopify Inc. and TaskUs Inc., alleging the companies were negligent in preventing and addressing the 2020 data breach of information for 272,000 Ledger SAS hardware wallet users.
By Ellen Bardash | March 24, 2022
A notable reason for the lower than usual settlement amounts is an all-time low number of settled cases alleging GAAP violations.
Delaware Business Court Insider
By Ellen Bardash | March 21, 2022
A new shareholder suit linked to Hyzon Motors Inc. has landed in Delaware, this time in a case that takes issue with the hydrogen fuel cell vehicle…
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