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April 17, 2024 | Delaware Business Court Insider

JPMorgan Wins Dismissal in Chancery Case Over Zelle Compliance

Chancellor Kathaleen St.J. McCormick concluded that shareholder plaintiffs failed to adequately plead that JPMorgan's directors knew of and ignored concerns about the bank's compliance with reimbursement laws.
3 minute read
October 27, 2022 | Delaware Law Weekly

Superior Court Rules Verizon to Recover $120M From Insurers

"The securities claim definition at issue here is in a standard form that is used by policyholders across the country," said Keith McKenna, a partner at Cohen Ziffer Frenchman & McKenna.
4 minute read
April 28, 2022 | Delaware Business Court Insider

'Far From Perfect': While Elon Musk Was Overly Involved, Court Says Tesla Board Assured SolarCity Deal Was Fair

Any sway Musk may have had over the deal process was canceled out by chair Robyn Denholm acting as an "indisputedly independent" director guiding the board's decision, Vice Chancellor Joseph Slights found.
4 minute read
July 27, 2021 | Delaware Business Court Insider

After Tesla Trial, Attorneys in Case Over SolarCity Deal Prepare for Next Steps

Claims that have now been pending for nearly five years still aren't expected to be resolved with a court decision for months.
3 minute read
July 27, 2021 | Delaware Law Weekly

After Tesla Trial, Attorneys in Case Over Challenged SolarCity Deal Prepare for Next Steps

The claims that have now been pending for nearly five years still aren't expected to be resolved with a court decision for months.
3 minute read
Law Journal Press | Digital Book Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions Authors: James C. Freund View this Book

View more book results for the query "Potter Anderson Corroon"

June 14, 2021 | Delaware Business Court Insider

Executives Resign as Lordstown Securities Cases Are Consolidated in Delaware

U.S. District Judge Leonard P. Stark is presiding over the now-consolidated action in which Lordstown shareholders have claimed the Ohio-based company is far from meeting the benchmarks it's been touting for the production of the Endurance, the first electric full-size pickup truck.
3 minute read
February 26, 2021 | Delaware Business Court Insider

Superior Court: Insurance Definition Covers Verizon's $24M in Defense Costs

Superior Court Judge Eric M. Davis applied a broader definition of the insurance contract term "securities claim" that required coverage in a case over a challenge to a corporate spinoff and merger that was funded by debt instruments.
4 minute read
October 26, 2020 | Delaware Business Court Insider

Facebook Shareholders Can't Bypass Board to Pursue $90M Case

The case challenged a proposed reclassification effectively transferring the majority of founder and CEO Mark Zuckerberg's interest in Facebook without diminishing his voting power.
4 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
July 23, 2020 | Delaware Business Court Insider

Investors, in Lawsuit, Accuse Tech Company of Making Subsidiary 'Judgment Proof'

No part of the $57 million judgment or its accrued interest has been paid, and no bond has been put up to stay the judgment, according to the complaint.
3 minute read

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