Ellen Bardash is ALM's reporter covering Delaware litigation for Delaware Law Weekly and Delaware Business Court Insider. She can be contacted at [email protected], on Twitter @Dellenware or on Threads @ellenbardash.
March 20, 2023 | Delaware Business Court Insider
FTX Bankruptcy Attorneys: 'Enough Is Enough' in Delaware/Bahamas Jurisdictional BattleA complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
By Ellen Bardash
3 minute read
March 15, 2023 | Delaware Law Weekly
Tesla Asks Supreme Court to Allow Delaware Dealer LicenseConsidering the rise of made-to-order cars and direct sales, especially among newer manufacturers of electric vehicles, the court's decision either way has the potential to impact how and if companies sell cars in Delaware.
By Ellen Bardash
3 minute read
March 14, 2023 | Delaware Business Court Insider
Shareholder Says Moelis Board's Hands Tied by Chairman-Run Holding CompanySaxena White lawyers are saying an investment bank is undermining the core Delaware legal concept that a corporation is meant to be controlled by its board of directors.
By Ellen Bardash
2 minute read
March 09, 2023 | Delaware Business Court Insider
Dodge Durango Hellcat Owners Sue Carmaker Over Value of 'Limited Run' SUVIn a complaint, buyers said they were duped in a "bait and switch," with Dodge advertising that a special edition would only be manufactured for 2021, but then reversed field and said it planned to produce more.
By Ellen Bardash
3 minute read
March 09, 2023 | Delaware Business Court Insider
Block Inc.'s Failure to Disclose Data Breach Kept Up Stock Price, Shareholder Lawsuit SaysThe complaint brings claims against Block's co-founder and chairperson, Jack Dorsey, along with Block's 10 other board members, including Jay-Z, who founded the majority Block-owned music platform TIDAL.
By Ellen Bardash
2 minute read
March 07, 2023 | Delaware Business Court Insider
New Derivative Suit Says Kraft Heinz Shareholders Were Misled on Post-Merger LossesThe new complaint extensively details the plaintiff's pre-suit demand process beginning in October 2021, stating Kraft Heinz, rather than forming an independent committee of directors to investigate, created a working group consisting of two allegedly conflicted directors.
By Ellen Bardash
3 minute read
March 06, 2023 | Delaware Business Court Insider
Alameda Claims Crypto Trusts Owe Shareholders $9BAbrams & Bayliss attorneys with Quinn Emanuel Urquhart & Sullivan of counsel state in the complaint that if the Court of Chancery frees funds for Alameda, which has filed for Chapter 11, over a million other trust shareholders would also benefit.
By Ellen Bardash
3 minute read
March 03, 2023 | Delaware Law Weekly
In Rare Decision Setting Aside Jury Verdict, Delaware Judge Faults Lawyer's Reference to Inadmissible DocsIt's the only jury verdict Judge Mary M. Johnston has overturned in two decades on the bench, and it's one of just 11 times in the past 10 years a Delaware Superior Court judge has granted a new trial in any type of case.
By Ellen Bardash
4 minute read
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
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