Ellen Bardash is ALM's reporter covering corporate litigation for Law.com and Delaware Business Court Insider. She can be contacted by emailing [email protected] or following @ellenbardash.bsky.social on Bluesky.
March 02, 2023 | Delaware Business Court Insider
FTX Attorneys' Billing Far Outpaces Hourly Rates Seen in 2008 Mega BankruptciesThe largest segment by far is the $25.1 million billed by FTX lead counsel Sullivan & Cromwell across two filings.
By Ellen Bardash
4 minute read
March 01, 2023 | Delaware Business Court Insider
Chancery Court Tosses Shareholder Claims Alleging McDonald's Ignored Pattern of Sexual HarassmentVice Chancellor Travis Laster said there was no proof of bad faith on the part of McDonald's directors in dealing with misconduct.
By Ellen Bardash
4 minute read
February 28, 2023 | National Law Journal
In Jackson's First Majority Opinion, SCOTUS Curbs Delaware's Collection of Unclaimed PropertyInterpreting the Federal Disposition Act, the unanimous court said the statute did not provide a basis for Delaware to escheat unclaimed checks purchased in other states, just because MoneyGram is incorporated there.
By Ellen Bardash
3 minute read
February 23, 2023 | Delaware Business Court Insider
Shareholder Claims Amazon Used Data to Undercut Third-Party SellersThe complaint, which names Jeff Bezos, Andrew Jassy and 16 other board members and executives, alleged that Amazon uses third-party data to create its own version of products that have sold well.
By Ellen Bardash
3 minute read
February 22, 2023 | Delaware Law Weekly
Delaware Bar Leaders: Admission Changes Remove Obstacles, Maintain High StandardsThe new standards and more frequent testing announced Tuesday may be the first of many changes in a more dramatic overhaul of the country's most exclusive bar.
By Ellen Bardash
4 minute read
February 21, 2023 | Delaware Business Court Insider
Tesla Shareholder: Musk's $56B Pay Couldn't Be Approved Without More DisclosuresBernstein Litowitz Berger & Grossman partner Gregory Varallo told Chancellor Kathaleen McCormick the plan should be invalidated entirely, at a minimum taking back three tranches of the plan awarded based on Tesla's performance under Musk's leadership.
By Ellen Bardash
3 minute read
February 21, 2023 | Delaware Law Weekly
Delaware Adjusts Bar Admission Requirements, Aiming to Attract Talent to StateChanges include offering the bar exam in both February and July beginning in 2024, reducing the number of essay questions on the exam from eight to four and cutting down the length of required clerkships from 21 weeks to 12.
By Ellen Bardash
2 minute read
February 17, 2023 | Delaware Law Weekly
Both Sides Seek Summary Judgment in Dominion, Fox News Defamation CaseVoting tech company Dominion represented claims the challenged statements are clear-cut examples of defamation by people who knew they would do unwarranted damage, while Fox News stands by its assertion that its coverage of alleged tampering in the 2020 presidential election fell well within its First Amendment rights.
By Ellen Bardash
4 minute read
February 16, 2023 | Delaware Business Court Insider
Meta Asks Chancery Court to Toss Claim It Failed to Protect Users' Data PrivacyMeta's Gibson Dunn lawyers said its board had the independence to investigate the matter--which stems from the Cambridge Analytica breach--so shareholders failed to show demand futility.
By Ellen Bardash
3 minute read
February 15, 2023 | Delaware Business Court Insider
SPACs Rush Court of Chancery Asking to Confirm Stock Increase ValidityVice Chancellor Lori Will has cleared her calendar for Feb. 20 to hear argument on a segment of the petitions that cite Vice Chancellor Morgan Zurn's decision in 'Garfield v. Boxed Inc.'
By Ellen Bardash
3 minute read