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Ousted Chemours Execs Targeted in Securities Action Over Corporate Books
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.Key Delaware Decision in 'Activision' Upends Standard Board Practices for Approving Mergers
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.Superior Court: More Overlap in Case Facts Needed for Insurer to Deny D&O Coverage
Delaware Superior Court Judge Paul R. Wallace granted a California-based biotech company's motion for partial summary judgment.Democrat Criticizes Adeel Mangi, Who Wants to Become a Judge
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.With Albertsons Complaint, Chancery Sees New Challenge to Advance Notice Bylaws
The complaint is proving true a prediction made by Vice Chancellor Lori Will in a 2023 opinion anticipating shareholder suits over the corporate provisions.