L-R: Chief Justice Collins J. Seitz, Jr. of the Supreme Court of Delaware,Jack Dorsey, co-founder and former CEO of Twitter, Inc., ,Rapper Shawn "Jay-Z" Carter. Photos: Courtesy photo/Bloomberg/ALM 'When Do We Cross the Line?', Seitz Asks in Appeal of Block's Deal to Acquire Tidal
Block Inc., Jack Dorsey's tech company, is being sued over its acquisition of Tidal, a music streaming service founded by Jay-Z.
November 01, 2023 at 05:28 PM
4 minute read
Deals and Transactions
Delaware Supreme Court Chief Justice Collins J. Seitz Jr. asked a question the state's courts have addressed but that remains ambiguous to those litigating deal cases: "When do we cross the line from gross negligence and a screwed up business deal into actual bad faith by the board of directors?"
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