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January 29, 2025 | Delaware Business Court Insider

Chancery Holds Proposed Conversion From Delaware Corporation to Nevada Corporation Requires Only Majority OK Under DGCL Statute

Other states, such as Nevada and Texas, are attempting to grow their corporate franchise, a byproduct of which has led to several disputes in Delaware applying Delaware corporate law to corporate conversions in jurisdictions other than Delaware (e.g., a Delaware corporation converting to a Nevada corporation).
5 minute read
January 27, 2025 | Delaware Business Court Insider

Corporate Litigator Joins BakerHostetler From Fish & Richardson

Jeremy Anderson joins BakerHostetler in Wilmington as a partner in its litigation practice group and commercial litigation team.
2 minute read
January 24, 2025 | Law.com

Law Firm Sued for $35 Million Over Alleged Role in Acquisition Deal Collapse

“The defendant’s actions on behalf of his client, which a Delaware Chancery Court described as shakedown, caused a nine-figure transaction to fail,” Matthew P. Leto with the Leto Law Firm alleged in an interview.
3 minute read
January 24, 2025 | Delaware Business Court Insider

Morris Nichols Names New Chief Financial Officer

Morris Nichols Arsht & Tunnell announced that William P. Michelson has been promoted to chief financial officer, effective Jan. 1.
1 minute read
January 23, 2025 | Delaware Business Court Insider

Crocs Accused of Padding Revenue With Channel-Stuffing HEYDUDE Shoes

The case, which centers on sales of HEYDUDE shoes, a brand Crocs acquired in February 2022, is the latest to claim a corporation violated federal securities laws by counting sales to third-party retailers as revenue despite those sales exceeding the demand of customers.
3 minute read
January 23, 2025 | Daily Business Review

The Rise and Risks of Merchant Cash Advance Debt Relief Companies

As MCAs grow in popularity, there is concern about an increase in companies claiming to negotiate MCA terms on behalf of business owners. While these services may seem appealing, they come with inherent risks that business owners should carefully consider.
5 minute read
January 22, 2025 | Texas Lawyer

2 Judges, 1 Stalemate: Delaware and Texas Judges Find Compromise

Orders from Texas and Delaware courts froze the parties into a deadlock from which neither could move until the Delaware judge offered a compromise.
4 minute read
January 22, 2025 | Delaware Business Court Insider

Elon Musk’s Tesla Pay Case Stokes Chatter Between Lawyers and Clients

Musk continues to fight the Delaware Court of Chancery’s decision to overturn his compensation plan at Tesla, appealing two decisions from the court to the Delaware Supreme Court last week. Since December, there’s been growing concern among investors about how the Delaware courts weigh issues around shareholder democracy.
7 minute read
January 22, 2025 | Delaware Business Court Insider

Chancery: Common Stock Worthless in 'Jacobson v. Akademos' and Transaction Was Entirely Fair

Jacobs v. Akademos is a post-trial opinion that addresses a squeeze-out merger where Akademos’ (the company) common stockholders were provided zero consideration. Vice Chancellor Travis Laster found that the common stock was worthless for appraisal purposes and that the transaction was entirely fair.
5 minute read
January 21, 2025 | Delaware Business Court Insider

Oracle-NetSuite Deal Gets OK From Delaware Supreme Court

The opinion by Chief Justice Collins J. Seitz Jr. is a victory for the Young Conaway Stargatt & Taylor and Latham & Watkins team that defended Ellison and Oracle CEO Safra Catz, and it upholds the Court of Chancery's earlier decision addressing shareholder control, a topic that's front of mind for many corporate litigators.
4 minute read

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