Delaware Business Court Insider | Commentary
By Brett M. McCartney | December 27, 2017
In one of the most anticipated opinions of 2017, Delaware's Supreme Court reversed the Court of Chancery's appraisal decision valuing Dell, Inc.'s shares after its management-led buyout in 2013. In its unanimous en banc decision, the Supreme Court ruled that the Court of Chancery abused its discretion by relying exclusively on its own discounted cash flow (DCF) analysis while affording no weight to the transaction price when valuing the company's shares at the time of its 2013 going-private merger.
Delaware Business Court Insider | News
By Tom McParland | December 19, 2017
The Delaware Court of Chancery on Monday dismissed a derivative suit seeking to hold the directors of Citigroup Inc. personally liable for massive losses the company suffered as a result of years of mismanagement and unchecked fraud and regulatory violations.
Delaware Business Court Insider | News
By Tom McParland | November 27, 2017
A Delaware federal judge on Monday dismissed a derivative shareholder lawsuit challenging the U.S. government's ability to seize all of the quarterly profits generated by Fannie Mae and Freddie Mac after the companies' bailout in the financial crisis.
Delaware Business Court Insider | News
By Tom McParland | November 16, 2017
The Delaware Court of Chancery has ordered the directors of Citigroup Inc. to make public high-level communications regarding the company's internal controls in a derivative suit brought by a group of investors in the investment banking firm.
Delaware Business Court Insider | Commentary
By Barry M. Klayman and Mark E. Felger | November 8, 2017
In a significant decision in a closely watched case, Bankruptcy Judge Laurie Selber Silverstein held in In re Millennium Lab Holdings II, Case No. 15-12284 (LSS) (Del. Bankr. Oct. 3, 2017), that the bankruptcy court had constitutional adjudicatory authority to approve the nonconsensual release of nondebtor, direct nonbankruptcy common law claims against third parties as part of a confirmation order.
Delaware Business Court Insider
By Sue Reisinger | Corporate Counsel | September 28, 2017
A number of the respondents to a recent AML survey didn't even know if they had experienced a regulatory action at their company in this space. That seems to point to trouble.
Delaware Business Court Insider
By Tom McParland | August 15, 2017
A Georgia-based technology and investment firm must defend claims that it duped two early stockholders into investing a combined $5 million in the venture, a Delaware magistrate judge ruled on Tuesday.
Delaware Business Court Insider
By Tom McParland | August 1, 2017
The Delaware Supreme Court on Tuesday reversed a Delaware Court of Chancery ruling that payday lender DFC Global Corp. was sold for less than what it was worth in 2014, instructing Chancellor Andre G. Bouchard to reconsider the weight he gave to the deal price in the closely watched appraisal case.
Delaware Business Court Insider
By Barry M. Klayman and Mark E. Felger | July 5, 2017
A divided Delaware Supreme Court recently held that a mortgage assignee must be entitled to enforce the underlying obligation that the mortgage secures in order to foreclose on the mortgage.
Delaware Business Court Insider
By Tom McParland | June 13, 2017
The executive chairman of the Cypress Semiconductor Corp. board has resigned amid allegations linking him to one of the company's top competitors, a move that sets up the possibility of total victory for the firm's founder and former chief executive in a heated proxy fight that has spilled into the Delaware Court of Chancery.
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