Delaware Business Court Insider | News
By Ellen Bardash | April 17, 2024
Chancellor Kathaleen St.J. McCormick concluded that shareholder plaintiffs failed to adequately plead that JPMorgan's directors knew of and ignored concerns about the bank's compliance with reimbursement laws.
Delaware Business Court Insider | News
By Ellen Bardash | April 11, 2024
The two complaints mirror each other, with each citing the same Delaware case law and bringing two breach of fiduciary duty claims—one alleging disclosure violations and the other that board members are using the plans as a means of entrenching themselves.
Delaware Business Court Insider
By Ellen Bardash | April 10, 2024
The dispute over advance notice bylaws has triggered similar lawsuits from other corporations.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | April 10, 2024
As demonstrated by Harrison Metal Capital III v. Mathe, failure to assert well-pleaded allegations showing that a majority of the board is disabled from disinterestedly and independently evaluating whether to bring an action is fatal to a stockholder derivative claim.
Delaware Business Court Insider
By Ellen Bardash | April 8, 2024
"The Delaware courts are going to continue to have a lot of skepticism when it comes to conflicted controller transactions," Fried, Frank, Harris, Shriver & Jacobson senior counsel Gail Weinstein said.
Delaware Business Court Insider
By Ellen Bardash | April 4, 2024
The Supreme Court said entire fairness is the standard of review in any controller-involved transaction, but business judgment can be applied when both an independent committee and a shareholder vote approve the deal.
Delaware Business Court Insider | News
By Ellen Bardash | April 1, 2024
The lawsuit alleges that if Uber's board members and executives had made a point to implement safety measures like screening drivers more carefully, the company might not now be facing liability in the hundreds of cases in which riders, primarily women, say they were sexually assaulted.
Delaware Business Court Insider | Analysis
By Ellen Bardash | March 27, 2024
Corporate practitioners say there's been no signs that there will be any significant corporate exodus from Delaware in the near future.
Delaware Business Court Insider | Commentary
By Cliff C. Gardner and TJ Rivera | March 27, 2024
"Fueled by hindsight bias," Vice Chancellor Lori W. Will explained, Caremark suits have "proliferated in Delaware" seeking to hold directors personally liable for imperfect efforts, operational struggles and business decisions. But, the court noted, a stockholder's position that the board's response to a corporate crisis merely "came too late and did too little" is insufficient under Caremark, which requires a showing that directors acted in bad faith.
Delaware Business Court Insider | News
By Ellen Bardash | March 21, 2024
ernstein Litowitz Berger & Grossman and Kessler Topaz Meltzer & Check are representing the plaintiff in the case, which brings Exchange Act claims against Chemours and several executives.
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