Delaware Business Court Insider | News
By Ellen Bardash | August 31, 2023
Both Purdue Pharma and the Boy Scouts of America have approved plans that release the claims of third parties without requiring those parties' consent. In both cases, objectors say bankruptcy courts don't have the authority to approve plans that include that type of release.
Delaware Business Court Insider | News
By Ellen Bardash | August 29, 2023
"In total, between the audit committee's single meeting and the board's single brief meeting, Amazon's directors likely devoted barely an hour before blindly signing off on funneling (redacted) of Amazon's money to Bezos' unproven, struggling rocket company," the complaint states.
Delaware Business Court Insider
By Ellen Bardash | August 24, 2023
If the court ultimately issues a judgment on the question of law raised in the case, it could signal to Delaware corporations at large how sweeping a corporate opportunity waiver is allowed to be.
Delaware Business Court Insider | News
By Ellen Bardash | August 23, 2023
Sullivan & Cromwell partner Brian Glueckstein said the sheer volume of claims involved in the case—around nine million in total—makes it a candidate for keeping smaller settlements moving without court oversight as a way of avoiding spending more time and money than necessary.
National Law Journal | Analysis
By Brad Kutner | August 22, 2023
"If your company is under enforcement investigation, to see smart judges disagree, it could give the company the idea to fight it," said Akin Gump Strauss Hauer & Feld white collar partner Parvin Daphne Moyne.
By Brian Lee | August 22, 2023
A measure that would abolish the use of anonymous limited liability corporations has drawn opposition from some business groups as it awaits action from New York Gov. Kathy Hochul.
Delaware Business Court Insider | News
By Ellen Bardash | August 17, 2023
Historically, it's been a rarity for a defendant to win once the notoriously stringent entire fairness has been applied as the standard of review in a Chancery case. But that may be changing.
Delaware Business Court Insider
By Ellen Bardash | August 15, 2023
During Chancellor Kathaleen St. Jude McCormick's absence, urgent matters from her caseload will be reassigned as needed, though cases she took under advisement before her leave are still expected to be decided by McCormick on an extended timeline.
Litigation Daily | Expert Opinion
By David Perez, Aaron Ver and Jake Dean | August 15, 2023
David Perez, Aaron Ver and Jake Dean of Perkins Coie write that when it comes to establishing or piercing the corporate veil, it's best to be a storyteller rather than a box-checker.
Delaware Business Court Insider | News
By Ellen Bardash | August 14, 2023
Bielli & Klauder and Gainey McKenna & Egleston filed the latest complaint in the Delaware Court of Chancery. It is expected to proceed in parallel with a case in the Western District of Washington's Seattle Division.
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