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IBM Computer Tapes Dumped on Highway Lead to Conn. Supreme Court Case
In an issue of first impression, the state Supreme Court will decide whether commercial general liability (CGL) insurance covers certain data breaches in the wake of IBM's loss of employment data for 500,000 past and present employees.
Ex-Law Firm Chief Hardwick Tells His Side of Missing Millions
New filings in suits from two investors trying to recover $5 million from Morris Hardwick Schneider give for the first time majority investor Nathan Hardwick's account of what happened after escrow account shortfalls were discovered in July.
Court Named in Bylaws May Rule on Exclusive Forum Provision
Questions about the validity of an exclusive forum provision must be decided by the court identified in the provision, the Delaware Court of Chancery has ruled.
Chancery Court Orders Trial in Dispute Between Real Estate Giants
The Delaware Court of Chancery declined to grant competing motions for summary judgment in a dispute between the country's largest owner of shopping malls, Simon Property Group Inc., and a German sponsor of international real estate funds over a contract permitting Simon to exchange money for shares in a defunct partnership.
Oral Agreement Claims Rejected in $2.2 Billion Nursing Home Sale
The Delaware Court of Chancery denied an attorney's claim that his business partner, in a $2.2 billion acquisition of a nursing-home portfolio, breached an oral partnership agreement to equally split profits on the deal.
Multimillionaire Rodger Shay Goes Up Against Shutts & Bowen Attorneys In Malpractice Case
Shutts & Bowen attorneys are the defendants in a malpractice trial tied to a failed Dominican real estate deals pursued by a former Merrill Lynch executive.Penguin Group (USA) Inc. v. Time/Warner Retail Sales & Marketing Svces Inc.
Book Publisher Entitled to $2.353 Million Over Returns from Bankrupt Wholesaler
Survival Clauses Trump Statute of Limitations, Chancery Rules
Delaware entities have the contractual freedom to shorten the statute of limitations through the adoption of a survival clause in a stock purchase agreement, the Court of Chancery has ruled. The court issued the opinion when it granted ENI Holdings LLC's motion to dismiss certain counterclaims alleged against the company by KBR Group Holdings LLC over the $280 million sale of engineering firm Roberts & Schaefer Co.TRENDING STORIES
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