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July 24, 2023 | Delaware Business Court Insider

Back to the Drawing Board: Vice Chancellor Blocks Settlement of Claims Arising From AMC's Reverse Stock Split

The problem with the settlement, the court said, is its proposed release of claims involving AMCs preferred equity shares, or APEs, held by those who also hold common stock.
4 minute read
July 03, 2023 | Delaware Business Court Insider

Shareholders in Pipeline Company Win Claim for Disclosure Breach in Case Over Merger Talks

The litigation was said to have resulted in one of the largest shareholder verdicts in Delaware history.
5 minute read
June 29, 2023 | Delaware Business Court Insider

Conflicting AMC Shareholders' Attorneys Clash at Chancery Court Settlement Hearing

Attorneys for the shareholder plaintiffs and defendant AMC, both in favor of the proposed settlement, argued a stock conversion is the best possible option for shareholders, though objectors held firm that it would unfairly strip value from individual holders of common stock.
4 minute read
May 25, 2023 | Delaware Business Court Insider

AMC Shareholders Seek Active Pro Se Role in Settlement Proceedings

More than 100 letters have been sent to the court by AMC shareholders, most critical of the class representation. That's an unusual level of intervention from shareholders, court-watchers said.
4 minute read
May 18, 2023 | Delaware Business Court Insider

Report: Prominence of Delaware Federal Court's Securities Caseload Dipped in 2022

At the same time actions around new corporate structures like SPACs and new technology like cryptocurrency have fueled a surge in some areas.
3 minute read
May 09, 2023 | Delaware Business Court Insider

Unity Shareholder: Board Had Duty to Disclose Revenue-Draining Software Status

The complaint claims breaches of fiduciary duty, unjust enrichment and a waste of corporate assets by 12 current and former officers and directors for the San Francisco-based company known for its software products for content creators.
3 minute read
April 24, 2023 | Delaware Business Court Insider

Shareholders Say They're Entitled to Vote Before TripAdvisor Moves to Nevada

The shareholder plaintiffs argue unless and until the companies are actually moved to Nevada, they're governed by Delaware law, which requires a shareholder vote before a Delaware-incorporated state can be reorganized anywhere else.
4 minute read
April 13, 2023 | Delaware Business Court Insider

'Now Is the Appropriate Time': Chancery Court Rejects Walmart's Laches Defense in Opioid Prescriptions Case

The decision provides guidance on the timeliness of claims seeking to hold management accountable for not putting in place adequate central compliance risk reporting systems.
3 minute read
March 29, 2023 | Delaware Business Court Insider

Shareholders Argue Chancery Decision Gave Tesla a License for Self-Interested Deals

Lawyers for the automaker argued that the shareholders' complaints, including the lack of an independent committee to steer negotiations, couldn't be examined in isolation.
3 minute read
March 07, 2023 | Delaware Business Court Insider

New Derivative Suit Says Kraft Heinz Shareholders Were Misled on Post-Merger Losses

The new complaint extensively details the plaintiff's pre-suit demand process beginning in October 2021, stating Kraft Heinz, rather than forming an independent committee of directors to investigate, created a working group consisting of two allegedly conflicted directors.
3 minute read

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