The Delaware Supreme Court has a Chancery-heavy docket for the end of 2024. Several cases scheduled for oral argument before Thanksgiving could have implications for areas of corporate law that have come up repeatedly in attorneys’ conversations this year and in 2023, including controlling shareholders, out-of-state incorporations and how much leeway the Court of Chancery has in reviewing arbitration awards and non-competes.
Oracle Derivative Litigation
Oracle shareholders, represented by Friedlander & Gorris, Robbins Geller Rudman & Dowd and Robbins LLP, want the Supreme Court to overturn a post-trial decision upholding Oracle’s $9.3 billion acquisition of NetSuite in 2019. They claim Vice Chancellor Sam Glasscock III was wrong in deciding as a matter of law that Larry Ellison, who held stock in both companies, was not a controlling stockholder and that the deal wasn’t subject to the entire fairness standard.