Delaware Business Court Insider | News
By Tom McParland | February 28, 2019
In a court filing made public earlier this week, Papa Johns founder John Schnatter said the plan prevented him from talking to other stockholders regarding "critical corporate matters," including a scheduled vote on the board's slate of nominees at the company's annual meeting in April.
Delaware Business Court Insider | News
By Tom McParland | February 21, 2019
Act III Management said St. Louis, Missouri-based Panera was improperly seeking noncompetition agreements with three Panera employees, in a hiring dispute that exposed the tensions between Panera and the man that oversaw much of the company's growth.
Delaware Business Court Insider | News
By Tom McParland | January 15, 2019
Chancellor Andre G. Bouchard ruled Tuesday that John Schnatter, the company's largest stockholder, was entitled to books and records regarding the company's decision to terminate his employment last July, after Forbes reported that he had used the N-word during a company training call.
Delaware Business Court Insider | News
By Tom McParland | November 5, 2018
A shareholder of Sonic Corp. has sued in Delaware federal court to halt the drive-in fast food company's $2.3 billion bid to take the company private, alleging that the board withheld key financial data about the deal.
Delaware Business Court Insider | News
By Tom McParland | October 31, 2018
Papa John's founder said the company sought to embarrass him and failed to show he was not entitled to corporate documents related to his ouster.
Delaware Business Court Insider | News
By Tom McParland | October 29, 2018
The Delaware Court of Chancery on Monday ordered Post Holdings Inc. and its Delaware subsidiary to turn over nearly $1 million in funds stemming from the food suppliers' $93.5 million deal to buy National Pasteurized Eggs Inc. in 2016.
Delaware Business Court Insider | News
By Tom McParland | October 9, 2018
The Delaware Supreme Court on Tuesday ruled that mergers involving a controlling shareholder qualify for review under the business judgment rule if two key procedural protections are adopted prior to economic negotiations, rejecting a proposed bright-line rule that would have made it easier for plaintiffs to challenge conflicted transactions.
Delaware Business Court Insider | News
By Tom McParland | October 1, 2018
An attorney for Papa John's founder John Schnatter said Monday that he was confident his client would obtain access to company records related to his ouster from the pizza chain, in a multifaceted legal battle playing out in the Delaware Court of Chancery.
Delaware Business Court Insider | News
By Tom McParland | September 20, 2018
Delaware Court of Chancery Chancellor Andre G. Bouchard said Papa John's had not carried its heavy burden of proving that Schnatter's demand for documents related to his resignation from the pizza chain was improper under Delaware law.
Delaware Business Court Insider | News
By Tom McParland | September 17, 2018
Attorneys in a multifaceted battle for control of Papa John's are set to square off in a Wilmington courtroom Thursday afternoon, as company founder and former CEO John Schnatter tries to maintain a books-and-records case seeking records related to his ouster from the pizza chain.
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