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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
April 24, 2024 | Delaware Business Court Insider

Profit With Purpose: Exploring the Power of Delaware Public Benefit Corporations

In this article, we have focused on entities available under Delaware law. Delaware public benefit corporations (PBCs) emerged in 2013 and have become especially popular as a result of the increased demand for socially conscious business practices, combined with the familiar reliability of Delaware corporate law.
6 minute read
April 23, 2024 | Delaware Business Court Insider

Trump, Truth Social Attorneys Expect 'Solid' Chance at Shareholder Case Dismissal

Vice Chancellor Morgan Zurn said she'll hear argument April 30 on whether to continue handling the case on an expedited basis.
3 minute read
April 23, 2024 | Delaware Business Court Insider

Antitrust Lawsuit Alleges Scheme to Block Digital-Wallet Competitors, Monopolize Cash Access at US Casinos

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in federal and state courts. Law.com Radar now offers state court coverage nationwide.
4 minute read
Law Journal Press | Digital Book State Antitrust Law Authors: William T. Lifland View this Book

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