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.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.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.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.View more book results for the query "*"
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.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.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.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.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.Trending Stories
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