Delaware Business Court Insider | News
By Tom McParland | December 5, 2017
A Delaware Court of Chancery judge said Monday that a defendant's attempt to modify a protective order so it could pursue fraud claims in Illinois should not go directly to the state Supreme Court because it had not raised a novel issue under Delaware law.
By P.J. Dannunzio | December 4, 2017
A federal appeals court has ruled that Marathon Petroleum Corp., corporate owner of the Speedway gas station chain, can challenge the state of Delaware's escheatment interest in unclaimed store-value gift card funds held by its Ohio-based subsidiaries, although not in the way the companies initially intended.
Delaware Business Court Insider | News
By Tom McParland | December 1, 2017
A Delaware Court of Chancery judge on Friday dealt a major blow to Energy Transfer Equity's bid to recover a breakup fee from a failed merger with The Williams Cos. Inc., saying the pipeline company's decision to walk away from the once-promising deal wiped out most of its claims to the $1 billion payment.
Delaware Business Court Insider | News
By Tom McParland | November 29, 2017
A Delaware judge on Tuesday dismissed a fraud suit accusing DuPont of using its 2015 spinoff of The Chemours Co. to insulate the company from the growing liability stemming from litigation related to the supposed dumping of toxic chemicals.
Delaware Business Court Insider | News
By Tom McParland | November 29, 2017
A Delaware state judge has allowed Novipax Holdings to proceed with a lawsuit stemming from its $80 million acquisition of a competitor's foam tray business, finding the Illinois manufacturer had viable claims for fraud and breach of contract.
Delaware Business Court Insider | News
By Tom McParland | November 28, 2017
The Delaware Supreme Court on Monday upheld the dismissal of derivative litigation against the directors of a health care technology company in a case…
Delaware Business Court Insider | News
By Tom McParland | November 27, 2017
A Delaware federal judge on Monday dismissed a derivative shareholder lawsuit challenging the U.S. government's ability to seize all of the quarterly profits generated by Fannie Mae and Freddie Mac after the companies' bailout in the financial crisis.
Delaware Business Court Insider | News
By Tom McParland | November 21, 2017
The custodian appointed to oversee the court-ordered sale of TransPerfect Global Inc. has told employees that Philip R. Shawe had reached an agreement to buy out the shares of rival Elizabeth Elting, an unexpected move that could resolve years of heated litigation over control of the profitable translation-services company.
Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A review of Delaware's federal docket has shown that defendants in patent infringement cases are increasingly citing Delaware's judicial vacancies in support of motions to transfer the cases out of the district after a visiting judge first raised the issue two months ago.
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