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February 16, 2024 | Delaware Business Court Insider

Glasscock's Plan to Retire From Delaware Chancery Court Is Announced

Vice Chancellor Sam Glasscock, who was sworn in for a second term in July, is expected to step down at the end of the year, closing a 25-year run, first as a master in Chancery and later as vice chancellor.
3 minute read
February 14, 2024 | Delaware Business Court Insider

The 'Company Applicant' Conundrum: CTA's Impact on Law Firms

The most salient element of the CTA for legal practitioners is the definition of the "company applicant" and the required disclosure that this individual is mandated to provide. Understanding and interpreting this definition thrusts law firms into a complex decision-making process, raising fundamental questions about their internal processes, the kind of personal information they are prepared to submit, and, most importantly, how they interact with their clients.
7 minute read
February 14, 2024 | Delaware Business Court Insider

'Grabski v. Andreessen': Chancery Addresses 'Brophy' Claims Against Officers and Directors in a Direct Listing

In Grabski v. Andreessen, the Delaware Court of Chancery declined to dismiss fiduciary claims against officers and directors of Coinbase Global, Inc. who sold shares in a going-public transaction.
6 minute read
February 13, 2024 | Delaware Business Court Insider

Whirlpool Knows It's Been Selling Defective Fridges for 10 Years, Customers Claim

The class seeks to represent Whirlpool customers who, plaintiffs say, have seen ice makers, water dispensers and other features stop working because of the quality of wiring that runs through their freezer doors.
3 minute read
February 09, 2024 | Delaware Business Court Insider

How Judge's Musk Pay Ruling Will Put In-House Legal Teams to Work

Boards of directors will need to take a closer look at which directors are truly independent and ensure they negotiate pay packages, not just acquiesce.
4 minute read
Law Journal Press | Digital Book Texas Personal Automobile Insurance Policy 2020 Authors: Janet K. Colaneri, Bret Weatherford View this Book

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February 09, 2024 | Delaware Business Court Insider

Third Circuit—Chapter 11 Examiner Appointment Now Mandatory

The now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
7 minute read
February 07, 2024 | Delaware Business Court Insider

Crypto Contract Clash Gets Second Look From Delaware Supreme Court En Banc

The case, one attornmey said, uniquely issues of administrative, agency and securities law—and how they apply to a deal made at a time when regulatory standards for the crypto industry are evolving.
5 minute read
February 07, 2024 | Delaware Business Court Insider

Icahn Stockholders Not Entitled to Privileged Info Based on Stockholders' Nomination and Employment Relationship With Company Director

In the court's recent decision, Icahn Partners v. Francis deSouza, the plaintiff Icahn stockholders sought to use privileged and confidential information shared with them by their designated director in a complaint, asserting direct and derivative fiduciary claims against other directors.
5 minute read
February 05, 2024 | Delaware Business Court Insider

'What is it Worth?': Delaware Jury Hears State's First Roundup Trial

Plaintiff's counsel was was part of the team that persuaded a Missouri jury to award three plaintiffs who had non-Hodgkin lymphoma a total of $1.56 billion in November.
4 minute read
February 05, 2024 | Delaware Business Court Insider

Tesla GC Todd Maron In Spotlight Following Musk's Stinging Defeat

Chancellor Kathaleen McCormick found Maron was "totally beholden" to the billionaire and that three of Tesla's eight board members were as well.
4 minute read

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