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State Attorney-Client Privilege Rule Incorporated into Federal Law
<b><i>Delaware Bankruptcy Court Protects Communications with Financial Professionals Originating In Delaware</b></i><p>Because state law applies at the time the transaction is negotiated, the parties might assume — reasonably so — that state privilege law will govern communications with their attorneys and financial professionals. But what happens if, years later, a fraudulent transfer plaintiff files suit in federal court and brings claims under federal law? Does state privilege law still apply?
Del. High Court Revives Challenge to $1.4B Acquisition of Grocery Chain
The Delaware Supreme Court on Monday effectively revived a shareholder suit challenging Fresh Market Inc.'s $1.4 billion acquisition by a private equity firm, in an opinion that served as a "cautionary reminder" that partial disclosures cannot secure business-judgment protections under the Corwin doctrine.
Daily Dicta: Down but Not Out—Three Big Cases With Big Reversals
There's a board game for little kids called “Chutes and Ladders” that often left mine in tears—one minute, you're almost at the top and about to win; the next, you've plunged to the bottom. It's a lot like litigation, as these three cases show.
Glasscock Greenlights Investor Suit Over Side Deal in Telecom Co.'s $3B Sale to Verizon
A Delaware Court of Chancery judge on Monday allowed former investors in Straight Path Communications Inc. to proceed with claims that its controlling stockholder used his power to avoid more than $500 million in liability stemming from the telecommunication company's $3.1 billion sale to Verizon.
Daily Dicta: Tangled Fight over Hair Dye Pits Quinn Emanuel against Paul Hastings
A big-time IP battle over hair coloring technology pits industry giant L'Oréal and its lawyers from Paul Hastings against a tiny California start-up represented by a team from Quinn Emanuel Urquhart & Sullivan.
Laster Tosses Trade Secrets Suit Against Investors Who Took Stake in Competitor
The Delaware Court of Chancery has dismissed a suit filed by a home security company that accused a private equity firm of stealing trade secrets through its investment in a competitor.
Walmart Sues to Block Tax Executive's Move to Amazon
Walmart Inc. on Thursday sued to prevent a former top tax executive from taking a job with Amazon.com Inc., arguing the move would present a "direct competitive threat" to Walmart by exposing the online retailer's business strategy and potential merger plans.
Delaware State Bar Association Set to Host Movie Night CLE
On Sept. 13 the Delaware State Bar Association is set to host a movie night CLE program and presentation of the HBO film "Confirmation."
Morris James Partner Leads M&A Transactions Panel
Morris James partner Lewis Lazarus chaired a panel discussion regarding recent case law involving earn-outs, transaction tax deductions, attorney-client privilege and other issues of importance to deal lawyers in M&A transactions.
Who Got the Work: Shoes, Horses and a $9M Apartment
Midsize firms handling big-time matters.Trending Stories
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