Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A Delaware vice chancellor on Monday delayed making his ruling on a shareholder suit accusing Straight Path Communications Inc. of allowing its controller to funnel "hundreds of millions" of dollars' worth of assets away from the company as a part of its planned $3.1 billion sale to Verizon.
By Cogan Schneier | November 20, 2017
The lawsuit ends weeks of speculation over whether the DOJ would challenge the deal.
Delaware Business Court Insider | News
By Tom McParland | November 20, 2017
A review of Delaware's federal docket has shown that defendants in patent infringement cases are increasingly citing Delaware's judicial vacancies in support of motions to transfer the cases out of the district after a visiting judge first raised the issue two months ago.
New York Law Journal | Analysis
By Rupert M. Barkoff | November 17, 2017
Franchising columnist Rupert M. Barkoff writes: Why is the New York Law Journal publishing an article on the joint employer liability issue in the United States and Australia? Because this issue, which has been THE hot issue in U.S. franchise law for several years, has also shown its face in Australia during this period, and is now the headline legal issue in Australian franchising as well.
Connecticut Law Tribune | Analysis
By Roy Strom | November 16, 2017
Through the first six months of this year, 2017 was shaping up to be a strong one for law firms. The same cannot be said following poor third-quarter results touted this week by two leading law firm lenders.
Delaware Business Court Insider | News
By Tom McParland | November 16, 2017
The Delaware Court of Chancery has ordered the directors of Citigroup Inc. to make public high-level communications regarding the company's internal controls in a derivative suit brought by a group of investors in the investment banking firm.
Delaware Business Court Insider | News
By Tom McParland | November 15, 2017
A federal judge in Delaware on Tuesday delayed making any decision on a sanctions motion alleging Samsung had filed a "duplicative" suit, saying it would be "inappropriate and inefficient" to rule on the issue until a federal appeals court could review the case.
New York Law Journal | Analysis
By John C. Coffee Jr. | November 15, 2017
In his Corporate Securities column, John C. Coffee Jr. writes: The pattern of the vast majority of activist challenges being settled through private negotiations makes the settlement process academically interesting. What gets negotiated? And with what outcomes?
Delaware Business Court Insider | Commentary
By Jason J. Mendro and Jeffrey S. Rosenberg | November 15, 2017
It is an all-too familiar accusation to many directors: If only you had done something more, the corporation could have avoided an injury or loss. Since the mid-1990s, Delaware courts have repeatedly recognized that attempting to pin personal liability on directors for their alleged inaction is “possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment,” as in In re Caremark International Derivative Litigation, 698 A.2d 959, 967 (Del. Ch. 1996).
Delaware Business Court Insider | News
By Tom McParland | November 14, 2017
A Booz Allen Hamilton shareholder on Monday filed derivative litigation against members of the government contractor's board, after the company announced in June that the U.S. Department of Justice had begun probing its accounting and cost-charging practices.
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