Delaware Business Court Insider | News
By Tom McParland | May 2, 2019
A Delaware federal judge on Thursday approved an agreement by San Francisco-based Genentech and Sandoz to dismiss the two entities, without prejudice, from the lawsuit, because neither had been involved in filing an abbreviated new drug application at the heart of the dispute.
Delaware Business Court Insider | News
By Tom McParland | May 1, 2019
The 193-page filing said that Mark Zuckerberg, Sheryl Sandberg, Peter Thiel and three other board members had presided over "one of the worst examples of privacy abuse in the age of social media" and committed "pervasive breaches" of their fiduciary duties in the name of short-term profits.
Delaware Business Court Insider | News
By Tom McParland | April 26, 2019
Vice Chancellor Morgan T. Zurn on Thursday allowed Otto Candies and other plaintiffs to file a new complaint despite their failure to comply with a court rule governing amended complaints in the case, which accuses KPMG of failing to detect a massive financial fraud by Citigroup Inc. and a KPMG client in Latin America.
Delaware Business Court Insider | News
By Tom McParland | April 25, 2019
A Delaware Chancery Court judge Thursday allowed the former director of a Delaware health information company to pursue claims that the firm's founder had cheated him out of stock options he was promised for joining the board in 2005.
Delaware Business Court Insider | News
By Tom McParland | April 25, 2019
U.S. District Judge Maryellen Noreika granted Lord & Taylor's request to transfer the suit to the U.S. District Court for the Southern District of New York, which is home to the high-end retailer's corporate headquarters and all of its corporate records.
Delaware Business Court Insider | News
By Tom McParland | April 24, 2019
According to the complaint, officials took issue with the company's name and cited a provision of Delaware's corporation law that allows the state to reject certificates for businesses that "might cause harm to the interests of the public."
Delaware Business Court Insider | News
By Tom McParland | April 19, 2019
The lawsuit comes as AmericsourceBergen and other opioid distributors face increasing scrutiny for their role in the opioid crisis.
Delaware Business Court Insider | News
By Tom McParland | April 18, 2019
In a Chancery Court shareholder derivative complaint unsealed this week, four New York-based pension funds said corporate directors had failed to maintain internal controls at Alphabet.
Delaware Business Court Insider | News
By Tom McParland | April 17, 2019
In the filing, Verition and its attorneys refuted assertions by economics consultant W. Bradford Cornell that there was no direct link between disparaging comments Bradford had made in regard to Verition's appraisal case and Vice Chancellor Sam Glasscock III's decision that AOL's sale to Verizon in 2015 overvalued the once-powerful media technology company.
Delaware Business Court Insider | News
By Tom McParland | April 16, 2019
The unanimous ruling from the Delaware Supreme Court's five justices came as a resounding repudiation of Laster's handling of the case, which the petitioners Verition Partners Master Fund Ltd. had criticized as a personal reaction to being overruled in the Supreme Court's landmark ruling in the separate appraisal of Dell Inc.
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