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 | 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 | News
By Justin Henry | March 27, 2024
Bondi also represented Digital World in a Delaware Chancery Court dispute with sponsor ARC Global Investments over its entitlement to shares in the combined entity, in which the court ruled in Digital World's favor.
Delaware Business Court Insider | News
By Ellen Bardash | November 1, 2023
Block Inc., Jack Dorsey's tech company, is being sued over its acquisition of Tidal, a music streaming service founded by Jay-Z.
Delaware Business Court Insider | News
By Ellen Bardash | October 10, 2023
Justice Christopher Griffiths called the case a "perfect example" of the near inevitability of failed merger costs.
Delaware Business Court Insider | News
By Ellen Bardash | May 16, 2023
Vice Chancellor Glasscock determined that while Larry Ellison's position as a shareholder for both companies made him a conflicted director, he and Oracle CEO Safra Catz, both represented by Latham & Watkins and Young Conaway Stargatt & Taylor, didn't interfere with the committee that evaluated the deal.
Delaware Business Court Insider | News
By Ellen Bardash | May 10, 2023
"Although the facts emphasized by plaintiff do not generate tremendous confidence in the transaction committee's process, they fall short of supporting an inference of bad faith," the opinion stated.
Delaware Business Court Insider | News
By Ellen Bardash | January 4, 2023
Whether representing a SPAC or not, fiduciaries are required under Delaware law to be transparent with shareholders, Vice Chancellor Lori Will said, noting however that the unique structure of a SPAC leads shareholders to be harmed individually if they aren't able to fairly exercise their redemption rights.
Delaware Business Court Insider | News
By Ellen Bardash | October 19, 2022
The Court of Chancery typically opts to steer away from mandating closure of a deal, making an order for specific performance uncommon.
Delaware Business Court Insider | News
By Ellen Bardash | October 10, 2022
Elon Musk's motion stated as he's now seeking to close on the terms of the original merger agreement, there's no need for a trial seeking the same outcome while delaying payouts to Twitter shareholders.
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