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Trusted Adviser: Andor Terner, O'Melveny & Myers
Terner worked on both one of the year's blockbuster airline industry mergers and one of its largest healthcare REIT transactions.Chancery Court Tosses Derivative Challenge to African Oil Transaction
The Delaware Court of Chancery on Tuesday dismissed a derivative suit filed on behalf of Erin Energy Corp., saying the company's board had successfully pushed back against alleged attempts by its controller to play all sides of a three-way transaction to acquire oil mining rights in Africa.Sources: Trump to Tap Connolly, Noreika for Delaware District Court
President Donald Trump is expected to announce Morgan, Lewis & Bockius partner Colm F. Connolly and Maryellen Noreika, a partner with Morris, Nichols, Arsht & Tunnell, as his nominees to fill two open judgeships on Delaware's district court, multiple sources said this week.Delawareans Hit Back at US Chamber-Backed Study Downgrading State's Courts
Delaware attorneys this week took aim at a new report from a study group backed by the U.S. Chamber of Commerce that showed Delaware losing its long-held status as the best climate for handling corporate lawsuits, rejecting assertions that the state was losing favor with businesses.Delawareans Hit Back at US Chamber-Backed Study Downgrading State's Courts
Delaware attorneys this week took aim at a new report from a study group backed by the U.S. Chamber of Commerce that showed Delaware losing its long-held status as the best climate for handling corporate lawsuits, rejecting assertions that the state was losing favor with businesses.White House Vetting Del. Senators' Picks for District Court Seats
President Donald Trump is expected in the coming weeks to announce his nominees for two openings on Delaware's federal bench, as his administration vets three candidates forwarded by the state's two Democratic senators.Questions Raised on Required Clarity of Disclosures in SEC Filings
Two recent decisions of the Delaware Court of Chancery separated by only two weeks took seemingly contradictory positions regarding the extent to which corporate disclosures must be made clear in proxy statements and other SEC filings.Bouchard Tosses Suit Claiming Merger Cost Investors $3B Value
The Delaware Court of Chancery on Thursday dismissed a shareholder class action that accused the directors of a paper and packaging company of improperly approving a merger-of-equals that allegedly left $3 billion on the negotiating table.Theranos, Walgreens Ask Judge to Dismiss $140M Lawsuit
Walgreen Co. and Theranos Inc. on Friday asked a federal judge in Delaware to dismiss a $140 million lawsuit claiming that the Palo Alto-based startup had breached the companies' contract and mislead the drugstore chain about its ability to deliver on its fundamental promise.Del. Justices Nix Appraisal Ruling in 'DFC Global'
The Delaware Supreme Court on Tuesday reversed a Delaware Court of Chancery ruling that payday lender DFC Global Corp. was sold for less than what it was worth in 2014, instructing Chancellor Andre G. Bouchard to reconsider the weight he gave to the deal price in the closely watched appraisal case.Corporate Transparency Act Resource Kit
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