Delaware Business Court Insider | Commentary
By Brett M. McCartney | December 27, 2017
In one of the most anticipated opinions of 2017, Delaware's Supreme Court reversed the Court of Chancery's appraisal decision valuing Dell, Inc.'s shares after its management-led buyout in 2013. In its unanimous en banc decision, the Supreme Court ruled that the Court of Chancery abused its discretion by relying exclusively on its own discounted cash flow (DCF) analysis while affording no weight to the transaction price when valuing the company's shares at the time of its 2013 going-private merger.
By Tom McParland | December 20, 2017
Delaware could be heading into a pivotal year for criminal justice reform in 2018, as lawmakers are expected to weigh a series of controversial proposals and voters will be asked to elect the state's next chief law enforcement official.
Delaware Business Court Insider | Commentary
By Albert H. Manwaring IV | December 20, 2017
Neither the Delaware Supreme Court, nor other Delaware state courts have “articulated a specific test” to analyze whether to stay a civil case based on the pendency of a criminal case or investigation.
By Tom McParland | December 15, 2017
The Delaware Department of Correction on Friday evening announced that it had reached a $7.5 million settlement to resolve a wrongful death and workers' compensation lawsuit by the survivors of the deadly Feb. 1 takeover of James T. Vaughn Correctional Center.
By Amanda Ciccatelli | December 15, 2017
The deadline to enroll in an unclaimed property coverage program to convert Delaware's property audits to voluntary disclosure agreements (VDAs) took…
By Tom McParland | December 6, 2017
A federal judge on Wednesday ruled that a provision of the Delaware Constitution requiring political balance on the state's courts is unconstitutional.
By P.J. Dannunzio | December 4, 2017
A federal appeals court has ruled that Marathon Petroleum Corp., corporate owner of the Speedway gas station chain, can challenge the state of Delaware's escheatment interest in unclaimed store-value gift card funds held by its Ohio-based subsidiaries, although not in the way the companies initially intended.
By Tom McParland | November 30, 2017
The Delaware Court of Chancery on Thursday blocked an attempt by tobacco company ITG Brands to extricate itself from a dispute over $30 million in annual settlement payments owed to the state of Florida after the company acquired four popular brands of cigarettes from R.J. Reynolds Tobacco Co.
Delaware Business Court Insider | Commentary
By John A. Neuwirth, Joshua S. Amsel, Christine T. Di Guglielmo and Evert J. Christensen Jr. | November 29, 2017
Since 'Trulia', there has been a decline in Delaware in the number of run-of-the-mill challenges to nearly every public company merger transaction. But while the volume of merger litigation in Delaware has been on the decline, there has been a noticeable surge in filings in other jurisdictions, particularly federal courts.
By Tom McParland | November 17, 2017
A Delaware federal judge on Friday postponed a key hearing on motions to dismiss a lawsuit by the survivors of the deadly Feb. 1 takeover of James T. Vaughn Correctional Center, after an attorney for two former governors said the parties were actively pursuing talks in the case.
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