Delaware Business Court Insider | News
By Ellen Bardash | September 11, 2023
An attorney in the case said said, but it's not uncommon to see such a settlement finalized when the motion has been fully briefed but not argued or resolved.
Delaware Business Court Insider | News
By Ellen Bardash | September 8, 2023
The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
By Ellen Bardash | September 7, 2023
A merger agreement. Musk's lawyers said, holds him liable only for financing and administration of Twitter, not personnel decisions.
Delaware Business Court Insider | News
By Ellen Bardash | September 5, 2023
Vice Chancellor Paul FIoravanti's decision is a win for the Latham & Watkins and Morris, Nichols, Arsht & Tunnell team that represented Sorrento and Scilex Pharmaceuticals, though Fioravanti has asked for additional briefing to determine what remedy he'll grant.
Delaware Business Court Insider | News
By Ellen Bardash | August 31, 2023
Both Purdue Pharma and the Boy Scouts of America have approved plans that release the claims of third parties without requiring those parties' consent. In both cases, objectors say bankruptcy courts don't have the authority to approve plans that include that type of release.
Delaware Business Court Insider | News
By Ellen Bardash | August 29, 2023
"In total, between the audit committee's single meeting and the board's single brief meeting, Amazon's directors likely devoted barely an hour before blindly signing off on funneling (redacted) of Amazon's money to Bezos' unproven, struggling rocket company," the complaint states.
By Ellen Bardash | August 28, 2023
"The governor's health emergency excuse does not hold water because the Revolutionary War founders of Delaware and their ancestors experienced and well understood the threat of countless deaths by malaria, smallpox epidemic, bubonic plague, and other deadly diseases," said plaintiffs' co-counsel Thomas Crumplar of Wilmington.
By Ellen Bardash | August 28, 2023
It's not the first rejection Newsmax has faced in the court, with Davis denying a motion for judgment on the pleadings in the Smartmatic case in February and in June 2022 declining to grant Newsmax's motion to dismiss claims brought by U.S. Dominion Inc. in its separate defamation case.
Delaware Business Court Insider | News
By Ellen Bardash | August 23, 2023
Sullivan & Cromwell partner Brian Glueckstein said the sheer volume of claims involved in the case—around nine million in total—makes it a candidate for keeping smaller settlements moving without court oversight as a way of avoiding spending more time and money than necessary.
By Brian Lee | August 22, 2023
A measure that would abolish the use of anonymous limited liability corporations has drawn opposition from some business groups as it awaits action from New York Gov. Kathy Hochul.
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