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JPMorgan Wins Dismissal in Chancery Case Over Zelle Compliance
Chancellor Kathaleen St.J. McCormick concluded that shareholder plaintiffs failed to adequately plead that JPMorgan's directors knew of and ignored concerns about the bank's compliance with reimbursement laws.
Walmart Secures Dismissal of Drug Investigation Disclosure Claim
U.S. District Chief Judge Colm F. Connolly's decision is a win for the Latham & Watkins and Richards, Layton & Finger team that represented Walmart, CEO Doug McMillon and former CFO Brett Biggs.
Uber's 'Superficial Safety Efforts' Called Out in Derivative Suit
The lawsuit alleges that if Uber's board members and executives had made a point to implement safety measures like screening drivers more carefully, the company might not now be facing liability in the hundreds of cases in which riders, primarily women, say they were sexually assaulted.
Securities Litigation Cases Continued to Decline Nationally in 2023, Report Finds
New York's Southern District continued to be the leading destination for cases, with Delaware second. The Brooklyn-based Eastern District was third and the Northern District of California fourth, the study said.
Terraform at Odds With Creditor Committee as SEC Trial Approaches
The SEC's case against Terraform is scheduled to go to trial March 25, and the debtors' counsel moved last week for the bankruptcy court to allow Dentons to serve as special counsel.
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Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions
Authors: James C. Freund
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SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court
The SEC has asked Judge Brendan Linehan Shannon to deny the application unless Dentons returns to Terraform the $81 million still available from its retainer and files engagement letters and agreements about payment with the court.
Delaware Joins AT&T Lead Cable Conversation With New Shareholder Cases
It's the latest wave of litigation blowback against telecommunications companies that were linked to toxic underground cables and their effects.
Nikola: Gridlock With Insurers Is Stalling Settlements With Shareholders
"Because settlements of derivative actions are not indemnifiable by the nominal company defendant in Delaware, this would defeat a key function of D&O insurance."
Delaware Transaction Law Lineage Laid Out in Long-Awaited Match Group Argument
It's time to draw some lines on where so-called "MFW creep" ends, Delaware Supreme Court justices said during argument in the Match Group shareholder appeal.
As 2023 Closes, Here's the Delaware Litigation Elon Musk Still Needs to Worry About
More than a year after trial, there's still no Court of Chancery ruling on whether Tesla's compensation plan for Musk, valued at $56 billion, was fair to shareholders and properly vetted by Tesla's directors.TRENDING STORIES
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