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May 01, 2024 | Delaware Business Court Insider

Del. Supreme Court Unanimously Grants Another Shareholder Win Over Pre-Vote Disclosure

The high court's decision is the latest to map out steps corporations need to take when handling a controller-involved transaction.
4 minute read
May 01, 2024 | Delaware Business Court Insider

Johnson & Johnson Launches $6.48B Bankruptcy Plan to Resolve Talc Lawsuits

Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read
May 01, 2024 | Delaware Business Court Insider

Chancery Court Emphasizes Nexus Between Unclean Hands Defense and Asserted Claims

In Pilot v. Greg Abel, Vice Chancellor Morgan T. Zurn granted a motion to strike the defenses of unclean hands and in pari delicto because the defenses lacked a sufficient nexus to the contractual claims asserted by the plaintiff.
8 minute read
April 30, 2024 | Delaware Business Court Insider

Zurn Declines to Weigh In on Truth Social Forum and Rushing Stock Lockup Lift

The Vice Chancellor said won't speed its consideration of a motion that could lift restrictions on shares of Trump Media & Technology Group Corp.
4 minute read
April 30, 2024 | Delaware Business Court Insider

Is Judge Albright's Influence Waning After Random-Assignment Rule?

"If you look at the cases that are new that don't relate back to prior cases, then interest in the district has fallen considerably," Brian Love said.
5 minute read
Law Journal Press | Digital Book Connecticut Foreclosures: An Attorney’s Manual of Practice and Procedure 2024 Authors: Denis R. Caron, Geoffrey K. Milne, Andrew P. Barsom View this Book

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April 29, 2024 | Delaware Business Court Insider

Another Roundup Trial Kicks Off in Missouri. Monsanto Faces 3 Plaintiffs

Jury selection began Monday in St. Louis in a case brought by two Ohio women and one woman in Oklahoma.
4 minute read
April 26, 2024 | Delaware Business Court Insider

Closing 'Unacceptable Loopholes': How Sex Abuse Claimants Could Gain Power in Chapter 11 Bankruptcies

The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
April 25, 2024 | Delaware Business Court Insider

Clare Locke, Securing Overseas Alliance, Plots 'Smart' Growth After Departures

The firm's motivation for forging the alliance is unrelated to the exits of four partners months ago, according to Libby Locke.
6 minute read
April 24, 2024 | Delaware Business Court Insider

Chancery Urged to Block Tesla 'Run From Jurisdiction' in Elon Musk Pay Case

Tesla has filed a proxy indicating it would be seeking shareholder votes on a relocation to Texas and whether Musk should receive the 2018 compensation plan that had been struck down by the Court of Chancery.
3 minute read
April 24, 2024 | Delaware Business Court Insider

Bankruptcy Court Rejects Equity Holder's Challenge to Revoke Confirmation Order in 'Virgin Orbit'

The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 minute read

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