Delaware Business Court Insider | News
By Ellen Bardash | September 8, 2023
The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
Delaware Business Court Insider | News
By Ellen Bardash | September 5, 2023
Vice Chancellor Paul FIoravanti's decision is a win for the Latham & Watkins and Morris, Nichols, Arsht & Tunnell team that represented Sorrento and Scilex Pharmaceuticals, though Fioravanti has asked for additional briefing to determine what remedy he'll grant.
Delaware Business Court Insider | News
By Ellen Bardash | August 31, 2023
Both Purdue Pharma and the Boy Scouts of America have approved plans that release the claims of third parties without requiring those parties' consent. In both cases, objectors say bankruptcy courts don't have the authority to approve plans that include that type of release.
Delaware Business Court Insider | News
By Ellen Bardash | August 29, 2023
"In total, between the audit committee's single meeting and the board's single brief meeting, Amazon's directors likely devoted barely an hour before blindly signing off on funneling (redacted) of Amazon's money to Bezos' unproven, struggling rocket company," the complaint states.
Delaware Business Court Insider | News
By Ellen Bardash | August 23, 2023
Sullivan & Cromwell partner Brian Glueckstein said the sheer volume of claims involved in the case—around nine million in total—makes it a candidate for keeping smaller settlements moving without court oversight as a way of avoiding spending more time and money than necessary.
By Brian Lee | August 22, 2023
A measure that would abolish the use of anonymous limited liability corporations has drawn opposition from some business groups as it awaits action from New York Gov. Kathy Hochul.
Delaware Business Court Insider | News
By Ellen Bardash | August 17, 2023
Historically, it's been a rarity for a defendant to win once the notoriously stringent entire fairness has been applied as the standard of review in a Chancery case. But that may be changing.
Delaware Business Court Insider | News
By Ellen Bardash | August 14, 2023
Bielli & Klauder and Gainey McKenna & Egleston filed the latest complaint in the Delaware Court of Chancery. It is expected to proceed in parallel with a case in the Western District of Washington's Seattle Division.
Delaware Business Court Insider | News
By Ellen Bardash | August 11, 2023
The decision approves a deal thought to be worth up to $129 million in stock.
Delaware Business Court Insider | News
By Ellen Bardash | August 11, 2023
The decision clears the way for an $875 million deal between financial services companies BGC Partners Inc. and Cantor Fitzgerald to move forward.
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