Delaware Business Court Insider | News
By Tom McParland | May 3, 2019
The ruling, from a full panel of the state's five justices, came Thursday in a breach-of-contract suit stemming from Leaf Clean Energy Co.'s $30 million investment in Invenergy Wind in 2008.
Delaware Business Court Insider | News
By Tom McParland | April 8, 2019
The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
Delaware Business Court Insider | News
By Tom McParland | March 5, 2019
The class-action complaint, filed by Maxwell investor Davis Rodden, targeted the company's board and sought additional discloses about Barclays Capital Inc.'s current and prior engagements outside of the all-stock deal, which was announced last month.
Delaware Business Court Insider | News
By Tom McParland | February 1, 2019
Vice Chancellor Tamika Montgomery-Reeves ruled Thursday that the complaint from investor Inter-Marketing Group USA failed to establish demand futility by alleging that a majority of the Plains board likely faced personal liability in connection with the spill.
Delaware Business Court Insider | News
By Tom McParland | January 17, 2019
The Delaware Supreme Court on Thursday reversed a Chancery Court decision forcing billionaire William I. Koch to sell his $3 billion energy company so that two private equity firms could recoup their investment in the company.
Delaware Business Court Insider | News
By Tom McParland | January 3, 2019
Judge Luis Felipe Restrepo of the U.S. Court of Appeals for the Third Circuit on Wednesday ruled that oral argument on Petróleos de Venezuela S.A. appeal in the case would proceed normally.
Delaware Business Court Insider | News
By Tom McParland | September 13, 2018
The U.S. Court of Appeals for the Third Circuit on Thursday upheld a Delaware Bankruptcy Court's decision to block a Florida-based energy company from collecting a $275 million merger termination fee against the bankruptcy estates of Energy Future Holdings Corp. and a subsidiary.
Delaware Business Court Insider | News
By Tom McParland | September 6, 2018
Minority investors in Oxbow Carbon, fresh off a major Delaware Court of Chancery victory, are now investigating up to $50 million in payments Oxbow made to founder and CEO William Koch's attorneys at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
Delaware Business Court Insider | News
By Tom McParland | August 30, 2018
The Delaware Court of Chancery has rejected Enbridge Energy Partners' bid to dismiss a shareholder suit targeting a $1 billion pipeline buyback deal, in a ruling that criticized the defendants for remaking arguments that had already been rejected by the state Supreme Court.
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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