Delaware Business Court Insider | News
By Tom McParland | June 1, 2018
The new lawsuit, filed Thursday by a Pennsylvania-based pension fund, asserted individual and class action claims against CBS's controlling stockholder, adding yet another layer to the unfolding saga in Delaware Chancery Court.
Delaware Business Court Insider | News
By Tom McParland | May 30, 2018
In a new lawsuit, Redstone and her family's National Amusements Inc. holding company challenged several "unsupported, false and pretextual" assertions CBS has levied in recent weeks.
Delaware Business Court Insider | News
By Tom McParland | May 23, 2018
CBS on Wednesday defended a board vote that sharply reduced the voting power of Shari Redstone, its controlling stockholder, filing an amended complaint that her bid to block the move was "inequitable and invalid" and arguing that it acted to preserve the discretion of independent directors.
Delaware Business Court Insider | News
By Tom McParland | May 22, 2018
Activist investor Carl Icahn on Monday sued AmTrust Financial Services Inc. in the Delaware Court of Chancery, accusing the New York-based workers' compensation insurer of undervaluing the company in a $2.7 billion go-private bid in order to benefit its controlling family.
Delaware Business Court Insider | News
By Tom McParland | May 21, 2018
A Delaware Court of Chancery judge on Monday said that two recent decisions from the state Supreme Court represented an "unprecedented shift" in the way the state handles appraisal cases and that it would be up to the high court to sift through the errors in a ruling decision that has rankled petitioners and raised questions about the future of appraisal in the First State.
Delaware Business Court Insider | News
By Tom McParland | May 14, 2018
CBS Corp. on Monday sued to stop controlling stockholder Shari Redstone from pursuing a merger with Viacom, amid fears that she could act quickly to oust the CBS board and force a deal that CBS claims would irreparably harm the company and its investors.
Delaware Business Court Insider | News
By Tom McParland | April 25, 2018
A Delaware Court of Chancery judge has removed a hurdle for two former executives of Louis Dreyfus Highbridge Energy to pursue potentially millions of dollars in damages stemming from the firm's $1.9 billion sale of its energy storage and processing plants in 2011.
Delaware Business Court Insider | News
By Tom McParland | April 24, 2018
The Delaware Supreme Court on Monday upheld a Delaware Court of Chancery ruling that found Sprint's $3.6 billion acquisition of telecommunications firm Clearwire in 2013 had valued Clearwire at more than twice what it was actually worth.
Delaware Business Court Insider | News
By Tom McParland | March 30, 2018
The lawsuit is the fourth this month to target the planned merger.
Delaware Business Court Insider | News
By Tom McParland | March 6, 2018
The parties to an appraisal of AOL Inc. stock have each filed motions seeking a rehearing of the case, asking a Delaware Court of Chancery judge to reassess the financial inputs that led him to set fair value below the $50-per-share price Verizon Communications Inc. paid to acquire the company.
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