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June 29, 2023 | Delaware Business Court Insider

Conflicting AMC Shareholders' Attorneys Clash at Chancery Court Settlement Hearing

Attorneys for the shareholder plaintiffs and defendant AMC, both in favor of the proposed settlement, argued a stock conversion is the best possible option for shareholders, though objectors held firm that it would unfairly strip value from individual holders of common stock.
4 minute read
June 29, 2023 | Delaware Law Weekly

Counsel for Opposing AMC Shareholders Clash at Chancery Court Settlement Hearing

Attorneys for the shareholder plaintiffs and defendant AMC, both in favor of the proposed settlement, argued a stock conversion is the best possible option for shareholders, though objectors held firm that it would unfairly strip value from individual holders of common stock.
4 minute read
In re Tesla Motors, Inc. Stockholder Litig.
Publication Date: 2023-06-20
Practice Area: Mergers and Acquisitions
Industry: Automotive | Energy | Investments and Investment Advisory
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys:
For plaintiff: Jay W. Eisenhofer, Christine M. Mackintosh, Kelly L. Tucker, Vivek Upadhya, Grant & Eisenhofer P.A., Wilmington, DE; Michael Hanrahan, Kevin H. Davenport, Samuel L. Closic, Prickett, Jones & Elliott, P.A., Wilmington, DE; Daniel L. Berger, Grant & Eisenhofer P.A., New York, NY; Lee D. Rudy, Eric L. Zagar, Justice O. Reliford, Matthew Benedict, Kessler Topaz Meltzer & Check, LLP, Radnor, PA; Randall J. Baron, David T. Wissbroecker, Robbins Gellar Rudman & Dowd LLP, San Diego, CA for appellants.
For defendant: David E. Ross, Garrett B. Moritz, Ross Aronstam & Moritz LLP, Wilmington, DE; Evan R. Chesler, Daniel Slifkin, Vanessa A. Lavely, Cravath, Swaine & Moore LLP, New York, NY for appellee.
Case number: 181, 2022

Chancery court correctly found acquisition of company partially owned by controlling stockholder was entirely fair where stockholder recused himself from shareholder vote, the board operated independently, and evidence demonstrated that the acquired company had value from long-term cash flows and was not worthless due to being insolvent.

June 06, 2023 | Delaware Business Court Insider

Not Swayed by 'Doomsday Argument,' Supreme Court Upholds Tesla's SolarCity Acquisition

The decision is a win for Ross Aronstam & Moritz and Cravath, Swaine & Moore attorneys who represented Tesla and Musk.
3 minute read
May 26, 2023 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Patterson Belknap litigators got a ruling from a federal judge in New Jersey preserving patent protection for Janssen's Invega Trinza, an antipsychotic drug which generates about $600 million in annual sales in the U.S.
7 minute read
Law Journal Press | Digital Book Florida Construction Defect Litigation 2022 Authors: Gary L. Brown View this Book

View more book results for the query "Prickett, Jones & Elliott, P.A."

May 25, 2023 | Delaware Business Court Insider

AMC Shareholders Seek Active Pro Se Role in Settlement Proceedings

More than 100 letters have been sent to the court by AMC shareholders, most critical of the class representation. That's an unusual level of intervention from shareholders, court-watchers said.
4 minute read
April 28, 2023 | Delaware Business Court Insider

One Down, Five to Go: Election Fraud Claim Litigation Isn't Over with Dominion-Fox Settlement

There are five cases still open in Delaware that involve Dominion, Smartmatic, Fox or Newsmax, plus another two underway in New York, all related either directly to statements made on air about the legitimacy of the 2020 presidential election or to the litigation that followed those statements.
7 minute read
April 25, 2023 | Delaware Law Weekly

Special Master Appointed as Zurn Expects Record Shareholder Input in AMC Stock Split Case

The case, filed in February, challenges a plan to convert APEs, AMC's preferred shares, into common stock.
2 minute read
April 25, 2023 | Delaware Business Court Insider

Zurn Expects Record Shareholder Input in AMC Stock Split Case

The case, filed in February, challenges a plan to convert APEs, AMC's preferred shares, into common stock.
2 minute read
April 04, 2023 | Delaware Law Weekly

Young Conaway Partner to Speak at Delaware Law Update

Young Conaway Stargatt & Taylor corporate litigation and counseling partner Rolin P. Bissell is scheduled to be participating in the Delaware Law Update as part of the 2023 Weinberg Distinguished Speaker Series.
1 minute read

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