By Dan Roe | March 21, 2024
Judge John Dorsey ordered the appointment of Patterson Belknap of counsel Robert Cleary to conduct a 60-day investigation of the FTX collapse.
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.
New York Law Journal | Expert Opinion
By Gail Weinstein, Philip Richter and Warren de Wied | March 21, 2024
This article lays out practice points in response to the Delaware Court of Chancery's recent decision in In Ap-Fonden v. Activision, which opens a new frontier for challenging a board's process in approving mergers. It discusses the significance the decision has on the merger agreement processes as well as what practitioners should consider moving forward as they navigate this decision.
Delaware Business Court Insider
By Ellen Bardash | March 20, 2024
Delaware Superior Court Judge Paul R. Wallace granted a California-based biotech company's motion for partial summary judgment.
By Charles Toutant | March 20, 2024
The flap over Mangi's links to the Alliance of Families for Justice bears similarities to the heavy criticism he received for his connection to Rutgers University's Center for Security, Race and Rights. In the case of the Rutgers group, as with the AFJ, Mangi was one of many individuals on the advisory board.
Delaware Business Court Insider | News
By Ellen Bardash | March 19, 2024
The complaint is proving true a prediction made by Vice Chancellor Lori Will in a 2023 opinion anticipating shareholder suits over the corporate provisions.
By Charles Toutant | March 18, 2024
Speaking of Mangi, U.S. Sen. Cory Booker said, "That he has maintained his pride for our country and commitment to public service despite the false attacks levied against him speaks to his integrity and his preparedness to serve on the Third Circuit. I'm proud to champion his nomination."
By Steve Quinlivan and Kelly Stout | March 18, 2024
A Delaware Court of Chancery decision to invalidate significant portions of a stockholder agreement could have a marked impact on public companies, impacting M&A activities such as joint ventures, settlements with activist investors and minority venture capital investments.
The Legal Intelligencer | Commentary
By Sandra Jones | March 18, 2024
SNTs are usually for the most vulnerable of structured settlement payees as a trusted means of asset protection. SNTs will receive the periodic payments directly from the annuity issuer, and the SNT trustees have a fiduciary duty to spend the trust situs for the benefit of each beneficiary.
Delaware Business Court Insider | News
By Ellen Bardash | March 15, 2024
A motion to dismiss filed by the private equity firm's Debevoise & Plimpton attorneys argued a liquidation trustee for a soap and hair care product distributor didn't have standing to bring fraud claims and hadn't adequately pled them in the complaint.
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