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September 11, 2024 | Delaware Business Court Insider

Court of Chancery Invalidates Election of Directors Where Board Improperly Set the Record Date

This case illustrates that the court generally will not use Section 205 to validate a deliberate, intentional violation of a statute to set the record date for a meeting, at least when a short period of time passes between the defective action and the court proceeding.
4 minute read
August 30, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout-Outs

Davis Polk & Wardwell secured a win for Morgan Stanley in a case the firm has handled since 2012 against German bank IKB Deutsche Industriebank AG stemming from IKB's purchase of residential mortgage-backed securities between 2005 and 2007.
5 minute read
August 29, 2024 | New Jersey Law Journal

Announcing the finalists for the New Jersey Legal Awards 2024

The New Jersey Law Journal has announced this year's honorees for the New Jersey Legal Awards, and among them are the finalists for two of the Law…
5 minute read
August 23, 2024 | Daily Report Online

Georgia May Be 'Purple,' But Its Lawyers Are Backing Kamala Harris With Their Wallets

Federal campaign contribution data shows the state's attorneys, particularly those in Big Law, giving more cash to Kamala Harris than Donald Trump this year.
5 minute read
August 22, 2024 | Delaware Business Court Insider

Cook: Default Judgment or Not, Plaintiffs Need to Show Work to Obtain Damages

Vice Chancellor Nathan Cook, in an opinion, granted Tyler and Cameron Winklevoss and their investment fund only a fraction of the $1.3 million they claimed to be owed by the founder of a magazine they invested in.
4 minute read
August 21, 2024 | Delaware Business Court Insider

Minority Stockholder Was Not a Controller Because Plaintiff Did Not Adequately Plead Actual Control of the Company's Business Affairs

The actual control theory is "not easy to satisfy." In its recent decision, Scianella v. AstraZeneca UK Limited, C.A. No. 2023-0125-PAF (Del. Ch. July 8, 2024), the Delaware Court of Chancery emphasized that plaintiffs have a steep burden even at the pleadings stage to demonstrate actual control.
5 minute read
August 08, 2024 | New York Law Journal

Attorneys 'On the Move': Holland & Knight Adds Financial Services Partner; Structured Finance Partner Joins Alston & Bird

And other announcements of recent hirings and promotions of New York attorneys.
4 minute read
August 02, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout-Outs

Lawyers at McKool Smith and Keller Postman helped the Office of the Attorney General of Texas secure a $1.4 billion settlement with Meta Platforms Inc. on claims brought under the state's biometric privacy law.
7 minute read
July 24, 2024 | Delaware Business Court Insider

Controlling Stockholder Transactions That Do Not Involve a Freeze-Out Merger May Satisfy MFW to Obtain Business Judgment Review

Since MFW, the Court of Chancery has applied the MFW framework to assess the standard of review of controlling stockholder transactions that did not involve a freeze-out merger, which commentators have referred to as "MFW creep."
5 minute read

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