Delaware Business Court Insider | News
By Tom McParland | November 29, 2017
A Delaware judge on Tuesday dismissed a fraud suit accusing DuPont of using its 2015 spinoff of The Chemours Co. to insulate the company from the growing liability stemming from litigation related to the supposed dumping of toxic chemicals.
Delaware Business Court Insider | News
By Tom McParland | November 29, 2017
A Delaware state judge has allowed Novipax Holdings to proceed with a lawsuit stemming from its $80 million acquisition of a competitor's foam tray business, finding the Illinois manufacturer had viable claims for fraud and breach of contract.
Delaware Business Court Insider | News
By Tom McParland | November 28, 2017
The Delaware Supreme Court on Monday upheld the dismissal of derivative litigation against the directors of a health care technology company in a case…
Delaware Business Court Insider | News
By Tom McParland | November 27, 2017
A Delaware federal judge on Monday dismissed a derivative shareholder lawsuit challenging the U.S. government's ability to seize all of the quarterly profits generated by Fannie Mae and Freddie Mac after the companies' bailout in the financial crisis.
Delaware Business Court Insider | News
By Tom McParland | November 21, 2017
The custodian appointed to oversee the court-ordered sale of TransPerfect Global Inc. has told employees that Philip R. Shawe had reached an agreement to buy out the shares of rival Elizabeth Elting, an unexpected move that could resolve years of heated litigation over control of the profitable translation-services company.
Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A review of Delaware's federal docket has shown that defendants in patent infringement cases are increasingly citing Delaware's judicial vacancies in support of motions to transfer the cases out of the district after a visiting judge first raised the issue two months ago.
Delaware Business Court Insider | News
By Tom McParland | November 16, 2017
The Delaware Court of Chancery has ordered the directors of Citigroup Inc. to make public high-level communications regarding the company's internal controls in a derivative suit brought by a group of investors in the investment banking firm.
Delaware Business Court Insider | News
By Tom McParland | November 15, 2017
A federal judge in Delaware on Tuesday delayed making any decision on a sanctions motion alleging Samsung had filed a "duplicative" suit, saying it would be "inappropriate and inefficient" to rule on the issue until a federal appeals court could review the case.
Delaware Business Court Insider | News
By Tom McParland | November 14, 2017
A Booz Allen Hamilton shareholder on Monday filed derivative litigation against members of the government contractor's board, after the company announced in June that the U.S. Department of Justice had begun probing its accounting and cost-charging practices.
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