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June 27, 2022 | Delaware Law Weekly

Pashman Stein Adds Bankruptcy and Restructuring Partner, Establishing Wilmington Office

Pashman Stein Walder Hayden has announced the addition of Joseph C. Barsalona II as a partner in the firm's bankruptcy, restructuring and creditors' rights practice group, as of June 13.
2 minute read
June 22, 2022 | Delaware Business Court Insider

The Failure of the 'Failing Business' Exception Under Delaware Law

In Stream TV Networks v. SeeCubic, the Delaware Supreme Court vacated a permanent injunction imposed by the Delaware Court of Chancery that prohibited Stream TV Networks, Inc. and the Rajan brothers, who collectively held a majority of the company's stock, from blocking a negotiated transfer of all of Stream's assets to satisfy its secured creditors.
5 minute read
June 17, 2022 | Delaware Business Court Insider

Will: Litigation Over Deadlocked Aerospace Co. Board Underscores Corporate Neutrality Requirement

Vice Chancellor Lori Will called the litigation pitting one half of Aerojet Rocketdyne Holdings' board against the other a cautionary tale for other corporations with an even number of directors. Two factions, one led by executive chairman Warren Lichtenstein and the other by president and CEO Eileen Drake, could not agree on a slate of nominees to the board.
3 minute read
June 15, 2022 | New York Law Journal

New York-Based Talent Agency Claims Ex-CEO Spent Millions in Company Funds for Personal Expenses

Elite, which brands itself as the world's first talent media company established over 50 years ago, is still calculating how much was spent.
3 minute read
June 09, 2022 | Delaware Business Court Insider

Talent Agency Claims Ex-CEO Spent Millions in Company Funds for Personal Expenses

Elite, which brands itself as the world's first talent media company established over 50 years ago, is still calculating how much was spent.
3 minute read
June 08, 2022 | Law.com

Who Got the Work?℠: The $4.65B Denver Broncos Deal and More

Welcome to "Who Got the Work?℠," a weekly column that highlights the law firms and lawyers around the country who are being brought in to handle key cases and close major deals for their clients.
10 minute read
June 08, 2022 | Delaware Business Court Insider

Twitter Shareholder Files Complaint Seeking Corporate Records in Wake of Musk Deal, User Data Representations

The shareholder is seeking to investigate board-level breaches, including whether it failed to protect the company when entering into its merger agreement with Musk.
3 minute read
June 03, 2022 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Our first runners-up this week at Bracewell won a whopping $1.6 billion in damages in a breach of contract suit against IBM Corp.
4 minute read
May 31, 2022 | Delaware Business Court Insider

Slights, Leaving Delaware Court of Chancery, Assesses Changes to Business Docket, Corporate Law

The outgoing vice chancellor said one of the most notable changes he's seen throughout his time on the Chancery court has been the increasing use of Section 220 cases to investigate a wider range of potential wrongdoing.
5 minute read
May 31, 2022 | Delaware Law Weekly

'Difficult Decision': Upon Leaving Delaware Court of Chancery, Slights Assesses Changes to Business Docket, Corporate Law

The outgoing vice chancellor said one of the most notable changes he's seen throughout his time on the Chancery court has been the increasing use of Section 220 cases to investigate a wider range of potential wrongdoing.
5 minute read

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