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 | December 19, 2017
The Delaware Supreme Court on Monday ruled that Exelon General Acquisitions' decision to change the location of a Michigan wind farm allowed the company to avoid a $14 million earn-out payment to Deere & Co. stemming from its 2010 purchase of Deere's wind-energy business.
Delaware Business Court Insider | News
By Tom McParland | December 15, 2017
The Delaware Supreme Court in a 4-1 decision Friday upheld the dismissal of a derivative suit seeking more than $145 million from the directors of Duke Energy Corp. over the handling of coal ash releases in North Carolina.
Delaware Business Court Insider | News
By Tom McParland | December 15, 2017
The Delaware Supreme Court on Friday upheld a vice chancellor's decision to award a former director of OptimisCorp. $1.8 million to cover the cost of successfully defending allegations that he had plotted to remove the physical services company's chief executive back in 2012.
By Amanda Ciccatelli | December 15, 2017
The deadline to enroll in an unclaimed property coverage program to convert Delaware's property audits to voluntary disclosure agreements (VDAs) took…
Delaware Business Court Insider | News
By Tom McParland | December 14, 2017
The Delaware Supreme Court on Thursday panned a vice chancellor's decision to completely disregard the deal price in an appraisal ruling last year that found Michael Dell and private equity firm Silver Lake Partners had shortchanged investors in a going-private merger of Dell Inc. in 2013.
Delaware Business Court Insider | News
By Tom McParland | December 13, 2017
The Delaware Supreme Court on Tuesday narrowly upheld a Delaware Court of Chancery ruling that denied a $50 million bonus payment to former investors in Calistoga Pharmaceuticals Inc. for partial European approval of a new blood-cancer treatment drug.
Delaware Business Court Insider | News
By Tom McParland | December 12, 2017
A Delaware magistrate judge on Monday said that Amazon.com Inc. should not be allowed to escape a patent infringement suit accusing the electronic retailer of infringing three patents with its Kindle and Fire tablets.
Delaware Business Court Insider | News
By Tom McParland | December 8, 2017
A federal judge in Delaware threatened TransPerfect Global Inc. CEO Philip R. Shawe with a nationwide filing injunction Friday if he continues to pursue litigation stemming from the court-ordered sale of his translation-services company.
Delaware Business Court Insider | News
By Tom McParland | December 5, 2017
A Delaware Superior Court judge on Tuesday awarded Spirit AeroSystems Inc. $11 million in attorney fees and expenses for successfully defending a lawsuit stemming from The Boeing Co.'s sale of three manufacturing facilities to the Kansas-based aircraft maker in 2005.
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