Catching Up With Delaware's Chancery Court
Law 360
MARCH 13, 2023
Delaware's Chancery Court last week saw new cases from shareholders of World Wrestling Entertainment, Kraft Heinz, Block Inc. and Grayscale Investments.
3 Questions For A Delaware Litigator And Court Commentator (Part II)
Above The Law
NOVEMBER 29, 2022
This court commentator is a practicing attorneys, not a reporter. The post 3 Questions For A Delaware Litigator And Court Commentator (Part II) appeared first on Above the Law. He has a better idea of when a decision is significant and when it’s not.
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5 Tips for Paralegals Working with Multiple Attorneys
Paralegal Bootcamp
DECEMBER 11, 2023
I began my paralegal career working for one attorney, in one specific area of law. I thought I was busy then, but nothing prepared me for the circus act of juggling multiple cases for multiple attorneys in different practice areas. In this blog post, I’ll share some helpful advice for paralegals who work for multiple attorneys.
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Catching Up With Delaware's Chancery Court
Law 360
AUGUST 22, 2022
Shareholders of Santander Consumer USA, La Jolla Pharmaceutical, Nektar Therapeutics and Inovalon Holdings filed new suits in Delaware's Court of Chancery last week, and attorneys for billionaire Elon Musk and Twitter Inc. deforested a small hillside to document an increasing number of discovery disputes.
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Catching Up With Delaware's Chancery Court
Law 360
JUNE 26, 2023
Delaware Court of Chancery last week gave the nod to a range of settlements, fee awards and case consolidations, as attorneys from companies including Carvana and Facebook pushed back on shareholder suits.
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World Wrestling Entertainment Sued Again In Delaware
Law 360
JANUARY 5, 2024
A third attorney team representing World Wrestling Entertainment Inc. stockholders has signaled a tag-in for a widening Delaware Court of Chancery rumble with founder Vincent McMahon and top company officials and directors over WWE's allegedly rushed dive into a merger that created TKO Group Holdings Inc.
US judge refuses to dismiss Hunter Biden gun charges
JURIST
APRIL 14, 2024
Hunter Biden’s original motion to dismiss the charges alleged that the appointment of Special Counsel David Weiss, appointed by Attorney General Merrick Garland in 2023, was unlawful under Department of Justice (DOJ) regulations , which state that “The Special Counsel shall be selected from outside the United States Government.”
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Delaware Judge Seeks to Expose Patent-Litigation Funders
The IP Law Blog
JANUARY 5, 2023
Do defendants and the court have the right to ask who is funding a particular patent litigation? Chief Judge Connolly in Delaware says they do, and in In re Nimitz, the Federal Circuit denied a request to stop the judge’s inquiry. The district court then issued a memorandum outlining its concerns.
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98 Catching Up With Delaware's Chancery Court
Law 360
NOVEMBER 7, 2022
New cases in Chancery Court last week ranged from cannabis control in California to fraud claims in Rwanda, while decisions covered everything from yoga to attorneys blacklisted from concert halls. Oddly enough for Chancery Court regulars, the Twitter disputes happened elsewhere.
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Courts Are Mimicking Delaware's Approach To Ultra Vires Acts
Law 360
AUGUST 29, 2022
Recent state court decisions mirroring procedures employed by the Delaware Chancery Court to short-circuit the adjudication of disputes concerning ultra vires corporate acts are a welcome sign for parties who are required to litigate their corporate disputes outside of Delaware, say attorneys at Akerman.
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Post-Moelis Del. Corp. Law Proposal Would Hurt Stockholders
Law 360
APRIL 12, 2024
The proposed Delaware General Corporation Law amendment in response to the Court of Chancery's recent opinion in West Palm Beach Firefighters' Pension Fund v.
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Shareholders Get Court OK On $133.5M Madison Square Deals
Law 360
AUGUST 14, 2023
Shareholders who filed dueling Delaware Chancery Court suits over Madison Square Garden Entertainment's 2021 merger with MSG Networks won court approval Monday for $133.5 million worth of settlements to resolve the two disputes, with attorneys for the plaintiffs securing more than $36 million in fees and expenses.
Why Delaware ABCs Are No Longer As Easy As 1-2-3
Law 360
OCTOBER 25, 2023
In light of the Court of Chancery's recent focus on additional disclosures, the assignment for the benefit of creditors process in Delaware may no longer be as efficient as it once was, and companies should be prepared to provide significantly more information leading up to an ABC, say attorneys at Goodwin.
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Del. Supreme Court Mulls Stock Seizure, Judgment Rules
Law 360
JANUARY 10, 2024
An attorney for a creditor seeking to attach and sell a defaulted debtor's stock told Delaware's Supreme Court Wednesday that a lower court finding that creditors must secure physical certificates in a seizure threatens to strip Delaware courts and creditors of some power over valid shares.
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4 Trends Executive Compensation Attorneys Are Watching
Law 360
FEBRUARY 23, 2024
A Delaware Chancery judge's rejection of Elon Musk's $55 billion Tesla pay package shows how a court historically viewed as corporate-friendly may be shifting, one of several trends executive compensation experts told Law360 they're seeing. Here are four issues executive pay lawyers should have on their radar.
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How Advance Notice Bylaws Are Faring In Del. Courts
Law 360
MARCH 4, 2024
Recent decisions make it clear that the Delaware Chancery Court is carefully reviewing public companies' amended advance notice bylaws in order to balance the competing interests of boards and shareholders, and will likely strike down bylaws that improperly interfere with stockholder franchises, say attorneys at Olshan Frome.
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PacerPro’s Expansion into Delaware Has Particular Value for Pro Hac Vice Counsel
LawSites
DECEMBER 16, 2021
The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. State Court Expansion. As the company’s name suggests, PacerPro developed its PDF2Go service for the federal courts’ PACER electronic filing system. Automatic Distribution.
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PacerPro’s Expansion into Delaware Has Particular Value for Pro Hac Vice Counsel
LawSites
DECEMBER 16, 2021
The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. State Court Expansion. As the company’s name suggests, PacerPro developed its PDF2Go service for the federal courts’ PACER electronic filing system. Automatic Distribution.
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Therapy Co. SPAC Investors To Settle Del., Ill. Merger Suits
Law 360
APRIL 26, 2024
An attorney for a blank-check company that took ATI Physical Therapy Inc. public told Delaware's Court of Chancery on Thursday it has agreed to settle two proposed stockholder class actions in conjunction with pending federal class and derivative suits in the Northern District of Illinois.
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Weber Stockholders Vie For Chancery Suit Over $3.7B Deal
Law 360
MARCH 6, 2024
billion squeeze-out by BDT Capital Partners LLC heated up Wednesday in Delaware's Court of Chancery as more than a dozen firms on teams led by Scott + Scott Attorneys at Law LLP, Friedlander & Gorris PA and Prickett Jones & Elliot PA are battling to lead a consolidated class suit. The competition among former Weber Inc.
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How Can an Accident Attorney Assist an Injured Client in Delaware?
LegalReader
JUNE 8, 2022
A civil lawsuit is started with a complaint that needs to be drafted in the proper format, filed in the local court system, and served to the defendant.
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Oracle Ruling Underscores Trend Of Mootness Fee Denials
Law 360
APRIL 15, 2024
The Delaware Chancery Court’s recent refusal to make tech giant Oracle shoulder $5 million of plaintiff shareholders' attorney fees illustrates a trend of courts raising the standard for granting the mootness fee awards once ubiquitous in post-merger derivative disputes, say attorneys at Troutman Pepper.
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Chancery Flipped SeaWorld Stock Claims, Ex-Execs Tell Court
Law 360
FEBRUARY 14, 2024
A Chancery Court judge "got it backwards" when he concluded that 19 former executives of SeaWorld Entertainment Inc.
Attorney Teams Pitch For Lead Role In Fox Corp. Suit In Del.
Law 360
OCTOBER 6, 2023
The pieces are set for a Delaware Court of Chancery attorney leadership hearing Nov. 9 for a derivative suit seeking damages from Fox Corp. directors and officers after the company's $787 million settlement of a $1.6 billion defamation suit filed by Dominion Voting Systems earlier this year.
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40 Contractual Limits On Liability Only Go So Far In Delaware
Law 360
OCTOBER 20, 2021
The recent Delaware Chancery Court ruling in Online HealthNow v. CIP OCL reiterates that contractual fraud claims cannot be eliminated with the stroke of a pen, and serves as a reminder that Delaware courts will not permit statutory limitations on liability to excuse intentional fraud, say attorneys at Shearman.
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Delaware Ready For Busy Patent Docket, Even Without Stark
Law 360
FEBRUARY 17, 2022
The District of Delaware's longest-tenured judge is on his way to the Federal Circuit, but the second-busiest district court for patent cases has procedures in place that will allow it to efficiently manage its docket even while short-handed, attorneys say.
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Tesla To Vote On Reviving Musk's $55B Pay, Moving To Texas
Law 360
APRIL 17, 2024
Attorneys for Tesla Inc. notified Delaware's chancellor Wednesday that the company will seek stockholder approval June 13 for the same $55.8 billion Elon Musk compensation plan voided by Chancery Court on Jan. 30, along with reincorporation of Tesla as a Texas company.
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Snap, Fox Urge Del. Court To Uphold Shareholder Power Laws
Law 360
OCTOBER 18, 2023
Delaware's shareholder power laws have worked for more than 80 years, and the state's Supreme Court should resist the call from Fox Corp. shareholders to unsettle long-standing interpretations, an attorney for the two companies told state's justices Wednesday. and Snap Inc.
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The Biggest Patent Rulings Of 2023
Law 360
DECEMBER 13, 2023
Over the past year, the Federal Circuit has suspended one of its own judges, Delaware's chief federal judge has told the U.S. Department of Justice to investigate attorneys practicing in his court, and the Federal Circuit vacated a huge infringement verdict.
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Del. Court Urged To Sanction 'Egregious' Data Co. Doc Moves
Law 360
SEPTEMBER 15, 2023
Attorneys for a Tiger Analytics Inc. stockholder accused the company Friday of more than a year of unjustifiable delays, obstruction and "egregious" failures to provide basic corporate records during a Delaware Court of Chancery hearing on the stockholder's demand to shift his legal costs to the company.
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52 Del. Jury Urged To Award $142M Roundup Punitive Damages
Law 360
FEBRUARY 27, 2024
Attorneys for the family of a South Carolina man whose cancer death was allegedly linked to long working use of Monsanto Corp.'s s Roundup herbicide asked a Delaware Superior Court jury Tuesday for $142 million in punitive damages for the company's purported disregard of the product's toxic risk.
Camping World Tells Del. Court New Test Dooms Breach Suit
Law 360
OCTOBER 5, 2021
An attorney for Camping World Holdings Inc. directors told a Delaware vice chancellor Tuesday that stockholder claims for derivative damages tied to $530 million in alleged insider trading can't pass newly clarified court requirements to show the futility of demands for company-led litigation.
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Hunter Biden indicted on 9 new criminal charges
JURIST
DECEMBER 8, 2023
The new charges join the two previous charges filed against him in a federal court in Delaware. US Attorney General appointed Special Prosecutor David Weiss to conduct and oversee the investigation into Biden in August, which led to the indictment issued on Thursday. He is also charged with one count of violating 26 U.S.C.
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Del. Court OKs $30M Guess Settlement, Trims Fees To $5.3M
Law 360
JANUARY 4, 2024
shareholders got court approval Thursday of a $30 million cash settlement to end Delaware litigation over decades of alleged sexual misconduct by one of the company's co-founders, but the state's Court of Chancery trimmed a suggested $6.6 million fee award for shareholder attorneys to $5.3
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Chancery Sides With Cannabis Company On Legal Fees Row
Law 360
MARCH 27, 2024
A Delaware Court of Chancery judge at a Wednesday hearing gave Left Coast Ventures Inc. time to fulfill a court order requiring it to cover legal fees for three former directors of the cannabis company defending a merger-related suit, after a company attorney told the judge the money will be coming.
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CVR Refining Asks Del. Court For $26.4M Initial Insurer Payout
Law 360
AUGUST 22, 2023
CVR Refining has asked a Delaware Superior Court judge to order XL Specialty Insurance Co. million attorney fee bill as an initial coverage payout for a $78.5 million Delaware Chancery Court stockholder class settlement in August 2022. and affiliated insurers to cover a $26.4
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CBS Class Attys Seek 27.5% Fee In $167.5M Del. Settlement
Law 360
MAY 26, 2023
Attorneys for former CBS Corp. the attorneys told the Delaware Chancery Court in a stipulation filed Friday. stockholders are seeking more than $45 million in fees for their work on a $167.5
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Del. Ruling Adds Momentum For Caremark Plaintiffs
Law 360
FEBRUARY 2, 2024
The Delaware Supreme Court's recent opinion in Lebanon County Employees' Retirement Fund v. Collis could be viewed as expanding plaintiffs' ability to viably plead a Caremark claim against directors, so Delaware companies should be on heightened alert and focus on creating a record of board oversight, say attorneys at V&E.
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Chancery Reaffirms Very High Bar For Board Liability On Deal
Law 360
JUNE 22, 2023
The Delaware Court of Chancery's recent decision in a Block shareholder's suit over the purchase of Tidal serves as a reminder that an independent and disinterested board will not have liability unless it did not act in good faith — even when the court strongly criticizes flawed processes and the business decision, say attorneys at Fried Frank.
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Atty Calls Contested Chancery AMC Class Settlement Historic
Law 360
JUNE 29, 2023
stockholder settlement, a class attorney defended as historic on Thursday a potential $120 million deal to end a Delaware Chancery Court suit over a company share conversion and reverse stock split. Acknowledging investor losses and "meme" stock passions driving objections to a proposed AMC Entertainment Inc.
EverGlade Calls BDO's $5.2M Fee Request A 'Death Sentence'
Law 360
JUNE 30, 2023
A consulting firm founded by a former BDO USA LLP partner that lost a defamation lawsuit by default due to "egregious acts of spoliation" urged Delaware Superior Court Friday to reject BDO's request for $5.23 million in attorney fees and expenses, calling the proposed amount "a death sentence."
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Attys Seek $750K Fee In Del. For $6M Med Tech Co. Deal
Law 360
FEBRUARY 6, 2024
Proposed class attorneys who secured a $6 million settlement from medical device company AMDI Inc. after a purportedly underpriced and conflicted stock sale to an interest of Oracle founder Larry Ellison have asked Delaware's Chancery Court to approve $750,000 in attorney fees for their work.
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Tesla Investors Weigh In On $5B Fee Proposed For Class Attys
Law 360
MARCH 13, 2024
stockholders are sounding off to Delaware's chancellor after class attorneys sought a stock-based fee potentially worth more than $5 billion at current share prices following the Court of Chancery's reversal of Elon Musk's $55.8 billion stock-based pay plan on Jan.
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Attys Will Seek Up To $14.6M For 2nd MSG Suit Deal In Del.
Law 360
MAY 19, 2023
Attorneys representing stockholders who have struck a $48.5 million deal to end one of two suits in Delaware Chancery Court over Madison Square Garden Entertainment's 2021 merger with MSG Networks plan to seek up to roughly $14.6 million for their work on the case.
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