Delaware Business Court Insider | News
By Tom McParland | December 14, 2018
The lawsuit alleges that Fitbit's brass discovered widespread issues with the San Francisco-based fitness company's heart-rate monitoring technology as early as January 2015 but failed to disclose the scope and severity of the problem before its IPO that November, which raised $416 million.
By Jason Grant | December 12, 2018
Summary judgment rescinding the sales was precluded, in part, the panel said, because there were triable issues regarding whether Business Corporation Law §909(a) applied to the circumstances surrounding the company's sales.
Delaware Business Court Insider | Commentary
By Andrew W. Stern, James Heyworth and Benjamin F. Burry | December 12, 2018
The Chancery Court will continue to face novel theories of controlling stockholder liability based on contract rights, and Delaware's ability to impose clear limits on when an investor's contract rights render it a fiduciary to the company will have significant consequences for corporate finance and strategic investments under Delaware law going forward.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | December 12, 2018
Once a transaction closes, if a stockholder cannot allege that a majority stockholder vote approving a transaction was uninformed or coerced, then the court will dismiss a complaint attacking the fairness of the transaction under the business judgment standard of review.
Delaware Business Court Insider | News
By Tom McParland | December 10, 2018
Vice Chancellor Tamika Montgomery-Reeves said Monday that Newark-based biotech firm iBio Inc. had filed its suit against Fraunhofer-Gesellschaft zur Förderung der Angewandten Forschung outside of the three-year statute of limitations.
By Tom McParland | December 10, 2018
Vice Chancellor Tamika Montgomery-Reeves said Monday that Newark-based biotech firm iBio Inc. had filed its suit against Fraunhofer-Gesellschaft zur Förderung der Angewandten Forschung outside of the three-year statute of limitations.
Corporate Counsel | Expert Opinion
By Harry A. Valetk and Brian Hengesbaugh | December 10, 2018
CCPA is an unfamiliar type of law for the United States due, in large part, to its broad scope. It establishes a new privacy framework for businesses that fall within its jurisdiction.
By Catherine Wilson | December 10, 2018
Most Effective Lawyers: Corporate securities — Attorneys engineered a corporate merger requiring Federal Trade Commission approval and the financing to make it possible.
Delaware Business Court Insider | News
By Tom McParland | December 7, 2018
The board of CBS Corp. is expected to receive a report detailing former CEO Les Moonves' attempts to destroy evidence and mislead attorneys investigating allegations that he had sexually harassed and abused women for decades, according to The New York Times.
Corporate Counsel | Expert Opinion
By Michele C.S. Lange | December 7, 2018
Solve complex problems, forecast legal spend, manage risk and partner with a diverse set of business stakeholders—these are just a few of the vast demands placed on in-house legal. In addition, corporate legal departments are facing new disruptions, such as changes to law firm practice models and advancements in technology.
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