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June 11, 2024 | Delaware Law Weekly

Shareholder Lawsuit Claims Musk's Focus on X Has Come at Tesla's Expense

"Neither Musk's past success nor his importance to Tesla's business gives him carte blanche to treat his fiduciary duties to Tesla as optional," the complaint states.
4 minute read
June 11, 2024 | Delaware Law Weekly

Young Conaway Partner Elected President of the Delaware State Bar Association

Young Conaway Stargatt & Taylor announced that partner Mary F. Dugan has been elected president of the Delaware State Bar Association (DSBA) at the DSBA's annual meeting on June 6.
2 minute read
June 10, 2024 | Delaware Law Weekly

DSBA to Hold Bankruptcy CLE

The bankruptcy section of the Delaware State Bar Association (DSBA) is scheduled to hold a live CLE titled "Bankruptcy Nuts and Bolts 2024" from 9 a.m. to 12:30 p.m. on June 12.
1 minute read
June 10, 2024 | Delaware Business Court Insider

Federal Judge Greenlights Discovery in Forex, Crypto Dispute Involving Delaware-Registered Platform

"The interests of this forum in adjudicating a dispute involving millions of dollars allegedly stolen from forum residents is strong, and no other jurisdiction has a similarly strong interest," U.S. District Judge Robert Scola Jr. ruled in the order.
4 minute read
June 07, 2024 | Law.com

Legal Speak's 'Sidebar With Saul' Part V: Strange Days of Trump Trial Culminate in Historic Verdict

In this week's Legal Speak episode, ALM litigation reporter Emily Saul joins producers Cedra Mayfield and Patrick Smith for a roundup discussion of the first Trump criminal trial.
1 minute read
June 07, 2024 | Daily Business Review

FTX Investors Object to Disclosure Statement's Alleged Undervaluing of Crypto, Omitting Investigation Into Am Law 100 Firm

"It is extraordinary that in this case, there were so many important details that were not included in the disclosure statement that are key to the ultimate decision of whether you approve the plan or not," said Adam Moskowitz, managing partner at the Moskowitz Law Firm.
5 minute read
June 07, 2024 | New York Law Journal

Are Make-Whole Provisions Enforceable in Bankruptcy? It May Depend on Where the Debtor Files

Most make-whole provisions are enforceable outside of bankruptcy, but courts have issued conflicting decisions on their enforceability in Chapter 11 cases.
8 minute read
June 07, 2024 | New York Law Journal

Are Bankruptcy Avoidance Actions Becoming a Marketable Asset Class?

Courts have limited standing to pursue those actions to parties who can be classified as a "representative of the estate" under Section 1123 of the Bankruptcy Code. The Fifth Circuit's recent ruling in 'In re South Coast Supply' may change all that.
9 minute read
June 06, 2024 | Delaware Business Court Insider

Delaware's Coinbase Hit With New Securities Class Action Amid Battle With SEC

A proposed class action, filed by Rosen Law Firm, accuses the crypto exchange company Coinbase of selling unregistered digital asset securities on its platform and failing to register the company as a broker-dealer with the SEC and state regulators.
3 minute read
June 04, 2024 | Delaware Business Court Insider

Judge Grants Skadden Client Coty Inc.'s Motion to Dismiss Shareholder Lawsuit Over Executive Comp.

"However, it is black letter law that the board of directors of a Delaware corporation—not individual shareholders—determines executive compensation."
3 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.