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Latest Stories

July 10, 2024 | National Law Journal

3rd Circuit Weighs Constitutionality of Fishery Management Council Appointments

The council is charged with creating fishery management plans for regulating fisheries, which the U.S. commerce secretary reviews for legality and then decides whether to adopt a regulation to implement the plan.
4 minute read
July 10, 2024 | Delaware Business Court Insider

Delaware Court Postpones Citgo Bid Hearing Until September as Venezuela Gets Close to Losing Oil Refiner

Companies owed more than $21 billion have sought the sale of Venezuela's U.S. refining unit, Citgo, to satisfy unpaid arbitration claims. The case has charted new legal territory for enforcement of international arbitration awards, while also penetrating the walls of sovereign and corporate immunity.
3 minute read
July 10, 2024 | Delaware Business Court Insider

Chancery Finds Governance Provisions of a Pre-IPO Stockholders' Agreement Invalid for Transgressing DGCL

While the Delaware General Corporate Law (DGCL) is a broadly enabling statute, a number of recent decisions have found limits to parties' ability to renegotiate internal corporate governance by "private ordering" outside of the corporate charter and bylaws.
7 minute read
July 09, 2024 | Delaware Law Weekly

Richards, Layton & Finger Elects New Directors and Counsel

Richards, Layton & Finger announced that it has elected attorneys Cory D. Kandestin, Daniel E. Kaprow, and Kyle H. Lachmund as directors of the firm, and Christine Dealy Haynes, Zachary D. Kmetz, and Kinsey Lenehan as counsel of the firm, effective July 1.
3 minute read
July 09, 2024 | The American Lawyer

Cooley Continues Bankruptcy Expansion With Gibson Dunn Partner Hire

Growing the bankruptcy group is key to Cooley's balance of cyclical and countercyclical practices, the firm's litigation chair said in an interview.
3 minute read
July 08, 2024 | Delaware Business Court Insider

Akerman Establishes Wilmington Office

Akerman announced that it has expanded its national footprint to Wilmington, Delaware, the "Corporate Capital of the World."
3 minute read
July 03, 2024 | Delaware Business Court Insider

Novo Nordisk Seeks Patent Litigation Barrier to Ozempic Generic

The Ozempic manufacturer, represented in both cases by Fenwick & West, filed one complaint on Wednesday in the District of Delaware, then filed a nearly identical one in the Northern District of West Virginia.
2 minute read
July 03, 2024 | New York Law Journal

Fox News Seeks to Remove Hunter Biden Lawsuit Over 'Mock Trial' Series to US Court

Fox says the action should be removed as the amount at controversy exceeds $75,000 and none of the parties are domiciled in the same state.
3 minute read
July 03, 2024 | Delaware Business Court Insider

Pashman Stein Del. Partner to Be Featured Guest Speaker at ABI 2024 Mid-Atlantic Bankruptcy Workshop

Joseph C. Barsalona II, partner in the bankruptcy, restructuring and creditors' rights practice at Pashman Stein Walder Hayden, is scheduled to be a featured guest speaker at the American Bankruptcy Institute's 2024 Mid-Atlantic Bankruptcy Workshop in Annapolis, Maryland.
2 minute read
July 03, 2024 | Delaware Business Court Insider

Court of Chancery Dismisses Fiduciary Duty Claims Related to Self-Tender Offer

In August 2022, Giant/Alpha allegedly used its controlling position in Playtika to cause the Playtika board to engage in a self-tender. In a previous ruling, Vice Chancellor Sam Glasscock found that the transaction conferred Giant/Alpha a nonratable benefit and denied Giant/Alpha's motion to dismiss claims against it arising from the transaction.
8 minute read

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