Delaware Business Court Insider | News
By Tom McParland | December 7, 2018
The board of CBS Corp. is expected to receive a report detailing former CEO Les Moonves' attempts to destroy evidence and mislead attorneys investigating allegations that he had sexually harassed and abused women for decades, according to The New York Times.
Delaware Business Court Insider | News
By Tom McParland | December 7, 2018
The Chancery Court's Oct. 1 decision was the first in the state to allow a potential buyer to escape its merger obligations based on a finding that one had occurred.
By Tom McParland | December 6, 2018
Selena E. Molina, a 2013 graduate of Widener University Delaware Law School, will replace Morgan T. Zurn, who was recently confirmed to fill one of two new judgeships on the Chancery Court.
Delaware Business Court Insider | News
By Tom McParland | December 5, 2018
An attorney for Fresenius SE & Co. on Wednesday defended a landmark Chancery Court ruling that allowed the German health care firm to walk away from its $4.3 billion deal to buy generic drugmaker Akorn Inc. based on a material adverse change in Akorn's business, saying the decision was well-rooted in evidence presented during an expedited trial.
Delaware Business Court Insider | News
By Tom McParland | December 4, 2018
Isreali-based media firm Taptica International Ltd said late Monday that Hagai Tal was resigning after Vice Chancellor Sam Glasscock III in his opinion found that the executive had hidden key information from buyer Great Hill Equity Partners in order to position himself as chief executive of post-merger company BlueSnap Inc.
Delaware Business Court Insider | News
By Tom McParland | December 3, 2018
Canadian mining company Crystallex said in a court filing last week that Venezuela on Nov. 23 completed an up-front payment of $425 million, on top of $75 million that it had already turned over, and plans to satisfy the rest of judgment by Jan. 10.
Delaware Business Court Insider | News
By Tom McParland | November 30, 2018
In a precedential opinion, a three-judge panel of the appeals court rejected the trustee's argument that bankruptcy courts are included in the definition of "courts" under federal law.
Delaware Business Court Insider | News
By Scott Graham | November 28, 2018
The University of Wisconsin allocated Washington University 1 percent of a royalty stream on a kidney treatment the two schools patented. Apparently the figure should have been closer to 30 percent.
Delaware Business Court Insider | News
By Tom McParland | November 28, 2018
A derivative suit filed Tuesday in Delaware federal court accused the directors of Skechers USA Inc. of hiding skyrocketing operational costs from investors at a time when the company was experiencing rapid growth in international sales.
By Tom McParland | November 26, 2018
The complaint, filed Nov. 19, asked the court to cancel the companies' certificates of formation using a new provision of Delaware's Limited Liability Company Act.
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