In late fall 2012, Joseph Palmore, then an assistant to the U.S. solicitor general, stood at the lectern in the U.S. Supreme Court fully prepared to argue about appropriate remedies in an employee-retirement dispute not on many radars as a must-watch case. He neither expected nor prepared for an annoyed Chief Justice John Roberts Jr.
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A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
The custodian appointed to oversee the court-ordered sale of TransPerfect Global Inc. has told employees that Philip R. Shawe had reached an agreement to buy out the shares of rival Elizabeth Elting, an unexpected move that could resolve years of heated litigation over control of the profitable translation-services company.
Houston property owners who suffered flood damage have brought "takings" claims against the government.
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