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May 03, 2019 | Delaware Business Court Insider

Del. Supreme Court Reverses Chancery Court's $1 Damages Finding in Contract Case

The ruling, from a full panel of the state's five justices, came Thursday in a breach-of-contract suit stemming from Leaf Clean Energy Co.'s $30 million investment in Invenergy Wind in 2008.
3 minute read
April 01, 2019 | Delaware Business Court Insider

Court Tosses Uber Derivative Suit Over Stolen Trade Secrets

The ruling found that Travis Kalanick faced a "substantial likelihood of liability" for failing to heed warnings that Otto founder Anthony Levandowski had downloaded thousands of proprietary files from Google's self-driving business Waymo before he left to form the San Francisco-based startup.
4 minute read
March 11, 2019 | Delaware Business Court Insider

Takeda Unit Asks Judge to Wipe Out $155M Infringement Verdict Over Hemophilia Drug

In a court filing Friday, Baxalta Inc. argued that Bayer's patent was invalid and that the German-based pharmaceutical firm had presented no evidence to support the jury's damages award.
3 minute read
February 21, 2019 | Delaware Business Court Insider

New Chancery Court Suit Targets Dell Over Stock Conversion Plan

The suit is the latest challenge to the transaction, which converted shares tied to Dell's interest in a valuable computer visualization firm into shares that tracked the business as a whole.
4 minute read
February 14, 2019 | Delaware Business Court Insider

Judge Tosses Tort Claims Stemming From Deadly Plane Crash in Africa

In its complaint, Lima Delta attributed the crash to faulty breaks and alleged that Gulfstream Aerospace Corp., the Georgia-based aircraft-manufacturer, knew about the defect but failed to report it to federal aviation regulators.
3 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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December 04, 2018 | Delaware Business Court Insider

CEO Resigns in Wake of Court's Finding of Fraud in $115M Sale of Payment Processing Co.

Isreali-based media firm Taptica International Ltd said late Monday that Hagai Tal was resigning after Vice Chancellor Sam Glasscock III in his opinion found that the executive had hidden key information from buyer Great Hill Equity Partners in order to position himself as chief executive of post-merger company BlueSnap Inc.
4 minute read
November 20, 2018 | Delaware Business Court Insider

Investors Resist Facebook's Bid to Dismiss Cambridge Analytica Data Breach Suit

In a Chancery Court filing made public Monday, plaintiffs argued that deep conflicts on Facebook exposed the Facebook directors to serious liability for their role in allegedly hiding from users, investors—and the U.S. Congress—Facebook's practice of sharing private data with outside parties.
4 minute read
November 20, 2018 | Delaware Business Court Insider

Investors Resist Facebook's Bid to Dismiss Cambridge Analytica Data Breach Suit

Plaintiffs argue in a Chancery Court filing made public Monday that deep conflicts exposed the Facebook directors to serious liability for their role in allegedly hiding from users, investors—and the U.S. Congress—Facebook's practice of sharing private data with outside parties.
2 minute read
November 08, 2018 | Delaware Business Court Insider

Del. Supreme Court Vacates $17M Judgment in Contract Dispute Over 'Metal Cards'

A three-judge panel of the high court said that CompoSecure would have another chance to argue that its contract with CardUX was void and unenforceable under New Jersey law.
4 minute read
October 18, 2018 | Delaware Business Court Insider

Musk, Tesla Board Sued in Del. Chancery Court Over CEO's 'Erratic Behavior'

A Tesla shareholder has sued Elon Musk in the Delaware Court of Chancery over his recent pattern of "erratic behavior" and accused the company's directors of "gross mismanagement" for failing to monitor the outspoken CEO's statements on Twitter.
3 minute read

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