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June 14, 2024 | Delaware Business Court Insider

Court Battle Over Musk's Compensation Is Far From Over, Even After Ratification Vote, Experts Say

The vote doesn't negate the Delaware Chancery Court's decision faulting the process by which Tesla's board originally approved the CEO's pay package.
3 minute read
June 14, 2024 | Law.com

Court Battle Over Musk's Compensation Is Far From Over, Even After Ratification Vote, Experts Say

The vote doesn't negate the Delaware Chancery Court's decision faulting the process by which Tesla's board originally approved the CEO's pay package.
3 minute read
Tornetta v. Musk
Publication Date: 2024-06-11
Practice Area: Corporate Governance
Industry: Automotive | Manufacturing | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor McCormick
Attorneys:
For plaintiff: Gregory V. Varallo, Glenn R. McGillivray, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Peter B. Andrews, Craig J. Springer, David M. Sborz, Andrew J. Peach, Jackson E. Warren, Andrews & Springer LLC, Wilmington, DE; Catherine A. Gaul, Ashby & Geddes, P.A., Wilmington, DE; John L. Reed, Ronald N. Brown, III, Caleb G. Johnson, Daniel P. Klusman, DLA Piper LLP (US), Wilmington, DE for plaintiff.
For defendant: David E. Ross, Garrett B. Moritz, Thomas C. Mandracchia, Ross Aronstam & Moritz LLP, Wilmington, DE; William M. Lafferty, Susan W. Waesco, Ryan D. Stottmann, Miranda N. Gilbert, Jacob M. Perrone, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Rudolf Koch, John D. Hendershot, Kevin M. Gallagher, Andrew L. Milam, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
Case number: 2018-0408-KSJM

Court denied plaintiff's motions to expedite resolution of post-trial issues based on defendants' assertion that an upcoming shareholder proxy vote would not affect the litigation.

June 10, 2024 | National Law Journal

Supreme Court Takes Up Facebook's Appeal of Investors' User Data Scandal Suit

The question before the justices is whether public companies must disclose on Form 10-K to the U.S. Securities and Exchange Commission any risk that has occurred even if that event "presents no known risk of ongoing or future business harm."
3 minute read
In re Columbia Pipeline Group, Inc. Merger Litig.
Publication Date: 2024-06-03
Practice Area: Mergers and Acquisitions
Industry: Energy | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys:
For plaintiff: Ned Weinberger, Brendan W. Sullivan, Labaton Keller Sucharow LLP, Wilmington, DE; Gregory V. Varallo, Bernstein Litowitz Berger & Grossmann LLP, Wilmington, DE; Stephen E. Jenkins, Marie M. Degnan, Ashby & Geddes, P.A., Wilmington, DE; Jeroen van Kwawegen, Lauren A. Ormsbee, Thomas G. James, Margaret Sanborn-Lowing, Bernstein Litowitz Berger & Grossmann LLP, New York, NY for plaintiffs.
For defendant: Martin S. Lessner, James M. Yoch, Jr., Kevin P. Rickert, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Brian J. Massengill, Michael Olsen, Matthew C. Sostrin, Linda X. Shi, Mayer Brown LLP, Chicago, IL for defendant.
Case number: 2018-0484-JTL

Court held buyer equally liable for seller's officers' breaches of fiduciary duties where buyer's culpability arose from its breaches of its contractual obligations under a standstill agreement with the seller.

Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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May 29, 2024 | The Recorder

No Current Need to Formally Block Tesla Shakeup in Chancery, Court Leader Rules

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read
May 29, 2024 | Delaware Business Court Insider

McCormick: No Current Need to Formally Block Tesla Shakeup in Chancery

Chancellor Kathaleen McCormick said she's holding defense counsel to their word and will leave the door open for the motions to be raised again if they don't keep it.
4 minute read
May 22, 2024 | Delaware Business Court Insider

Delaware Supreme Court Affirms AMC Shareholder Settlement Over Stock Split

Counsel for AMC said court interference might hinder the possibility of the Chancery court ever again certifying a shareholder class that didn't vote unanimously on an issue.
3 minute read
May 22, 2024 | Litigation Daily

How One of the World's Largest Institutional Investors Approaches Litigation

Beata Gocyk-Farber, the lead litigation counsel for Norges Bank Investment Management, spoke about the Norwegian pension fund's "cautious but assertive" approach to securities litigation.
6 minute read
CNY Fair Housing Inc. v. Wellclover Holdings LLC
Publication Date: 2024-05-15
Practice Area: Discovery | Evidence | Expert Witnesses
Industry:
Court: U.S. District Court for the Northern District of New York, U.S. - NDNY
Judge: Chief Judge Brenda K. Sannes
Attorneys:
For plaintiff: For Plaintiffs: Conor J. Kirchner, Matthew Casey Weissman-Vermeulen, CNY Fair Housing, Inc., Syracuse, NY.
For defendant: Soohyun Choi, Reed N. Colfax, Gabriel Diaz, Sara K. Pratt, Relman, Colfax PLLC, Washington, DC. For Defendants: Gregory P. Photiadis, Elizabeth A. Kraengel, Elise L. Cassar, Duke, Holzman, Photiadis & Gresens LLP, Buffalo, NY.
Case number: 5:22-CV-361

Bid to Strike Experts' Reports Premature; Motions to Seal Do Not Meet 'Lugosch' Standard

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