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Catching Up With Delaware's Chancery Court

Law 360

New cases in Delaware's Court of Chancery last week alleged "pie in the sky" investments by Palantir Technologies and wasteful satellite-launch contracts by Amazon. The nation's court of equity also logged notice of a $65 million settlement and got ready for another coming up this week that could be almost three times as much.

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Catching Up With Delaware's Chancery Court

Law 360

Delaware's Court of Chancery last week gave a failing grade to a "textbook" bad contract case, called timeout on a foot-dragging plaintiff, and got an unusual request from an investment firm to revisit the math on an appraisal decision.

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Catching Up With Delaware's Chancery Court

Law 360

threw a fit, and Delaware's chancellor calmly shuffled her papers in the court's highest-profile contract dispute last week. Facebook, Peloton, Krispy Kreme and Winston cigarettes also made appearances on a busy Chancery Court docket. Elon Musk threw a smoke bomb, Twitter Inc.

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Breach Of Contract Claims Trimmed In $30M GameStop Suit

Law 360

A Delaware federal court dropped some allegations related to the breach of contract claims against GameStop in a $30 million fee dispute, saying the plaintiff, Boston Consulting Group, has not pled a viable claim in some instances despite having three chances to do so.

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Singer Seeks Chancery OK To Pull Plug On Licensee Rights

Law 360

The owner of rights and trademarks of Singer sewing machine products has sued its North American distributor in Delaware's Court of Chancery, seeking a court declaration that it could end their contract because the distributor failed to meet minimum billing and royalties requirements.

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Del. Court OKs Musk Challenge Of $7.8M Twitter Severance

Law 360

The Delaware Chancery Court has allowed Elon Musk to add Twitter's payment of a late-disclosed, $7.75 million severance payment to a security chief turned whistleblower to counterclaims allegedly justifying his walking away from a $44 billion contract to buy the social media giant.

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United States: Delaware Court Of Chancery Allows Claims For Breach Of Both Fiduciary Duty And Contract Against LLC Manager - Lewis Brisbois Bisgaard & Smith LLP

Mondaq

August 3, 2021) - The Delaware Court of Chancery recently explained under what circumstances dual claims will be allowed to proceed for both breach of fiduciary duty. Wilmington, Del.