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May 19, 2023 | Litigation Daily

Litigators of the Week: In Delaware Chancery Trial, Latham Defends Oracle's $9.3B NetSuite Deal

Peter Wald, Blair Connelly and their team at Latham & Watkins defended Oracle founder Larry Ellison and co-CEO Safra Catz from shareholder derivative claims stemming from Ellison's position as a major stakeholder at both companies.
12 minute read
May 28, 2021 | Delaware Business Court Insider

New Derivative Lawsuit Is FIled in Delaware Over Kidney Drug Developer Share Price Drop

Misrepresentations made in SEC filings and communications with investors, the newest complaint alleges, led to Tricida shares dropping from more than $26 to $4.37 between July and October of 2020, amounting to millions in market capitalization losses.
3 minute read
March 17, 2021 | Delaware Business Court Insider

Chancery Ruling in Shareholder's Favor Finds Dividend Document Wasn't Ambiguous

Vice Chancellor Paul Fioravanti found that with a dictionary definition of "day" as a 24-hour period and the fact that "trading day" and "business day" were both terms defined within the same document but not used, there was no way for the court to interpret the certificate to mean trading days rather than calendar days.
3 minute read
October 20, 2020 | Delaware Business Court Insider

More Shareholders Claim Electric Car Company Exaggerated Tech Progress

The complaint cited press releases and publicly filed documents which they allege oversold Nikola's top employees' qualifications and the company's manufacturing capabilities, overall exaggerating its ability to cut costs on hydrogen fuel.
2 minute read

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