Delaware Business Court Insider | News
By Tom McParland | November 27, 2017
A Delaware federal judge on Monday dismissed a derivative shareholder lawsuit challenging the U.S. government's ability to seize all of the quarterly profits generated by Fannie Mae and Freddie Mac after the companies' bailout in the financial crisis.
Delaware Business Court Insider | News
By Tom McParland | November 21, 2017
The custodian appointed to oversee the court-ordered sale of TransPerfect Global Inc. has told employees that Philip R. Shawe had reached an agreement to buy out the shares of rival Elizabeth Elting, an unexpected move that could resolve years of heated litigation over control of the profitable translation-services company.
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.
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.
By Tom McParland | November 17, 2017
David Weiss was named Friday as President Donald Trump's choice to serve as U.S. attorney for the District of Delaware on a permanent basis.
By Tom McParland | November 17, 2017
A Delaware federal judge on Friday postponed a key hearing on motions to dismiss a lawsuit by the survivors of the deadly Feb. 1 takeover of James T. Vaughn Correctional Center, after an attorney for two former governors said the parties were actively pursuing talks in the case.
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.
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.
Delaware Business Court Insider | News
By Tom McParland | November 13, 2017
The Delaware Court of Chancery on Monday dismissed a books-and-records suit against plastics supplier A. Schulman Inc., finding that the plaintiff's Levi & Korsinsky attorneys—and not their client—were the force behind the suit.
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