Delaware Business Court Insider | News
By Ellen Bardash | January 31, 2024
Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted one possible takeaway: "Never incorporate your company in the state of Delaware."
Delaware Business Court Insider | News
By Ellen Bardash | January 30, 2024
Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
By Maria Dinzeo | January 30, 2024
"Lucid's products set an incredibly high bar for automotive companies, and I'm energized to join at a time when the company is poised to expand further," new legal chief Matt Everitt said.
The Legal Intelligencer | News
By Aleeza Furman | January 30, 2024
"It just brings it back to the general idea that unless there is a clear anomaly in the law, the court is going to continue to apply precedent as is," Glen Shikunov said.
By Chris O'Malley | January 30, 2024
The law firm's 195-page internal report blasts Cruise for "poor leadership, mistakes in judgment, lack of coordination" and a failure to grasp its obligation to be transparent and accountable to the public and regulators.
The Legal Intelligencer | News
By Aleeza Furman | January 23, 2024
"This issue needs to get settled in Pennsylvania as to whether or not these damages are available," Saltz Mongeluzzi partner Patrick Howard said.
By Maydeen Merino | January 19, 2024
National Automobile Dealers Association says agency acted arbitrarily and capriciously.
By Chris O'Malley | January 17, 2024
The legal fallout is just beginning for Cummins, which opened up its wallet to settle charges it installed emissions-control defeat devices in Dodge Ram pickups.
Delaware Business Court Insider | News
By Ellen Bardash | January 11, 2024
"Because settlements of derivative actions are not indemnifiable by the nominal company defendant in Delaware, this would defeat a key function of D&O insurance."
By Chris O'Malley | January 11, 2024
The agreement "sends a signal the EPA is making an example of someone. Make sure your house is in order," said Joshua Van Eaton, a principal at Beveridge & Diamond.
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