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Court OKs Dismissal of Suit Over Viacom Payments to Sumner Redstone
The Delaware Supreme Court has upheld the dismissal of a derivative suit challenging more than $13 million in payments the Viacom Inc. board made to founder and former chairman Sumner Redstone, even as the billionaire media mogul's declining health prevented him from providing any services of value to the company.Del. Justices OK Dismissal of Suit Over Viacom Payments to Sumner Redstone
The Delaware Supreme Court has upheld the dismissal of a derivative suit challenging more than $13 million in payments the Viacom Inc. board made to founder and former chairman Sumner Redstone, even as the billionaire media mogul's declining health prevented him from providing any services of value to the company.Glasscock Greenlights Contract Claims in Suit Over Diverted Bid Rights
The Delaware Court of Chancery has allowed breach of contract claims to proceed against the manager of a Delaware LLC accused of diverting the firm's assets to benefit himself and his friends.Judge Approves Weinstein Co. Bankruptcy Sale to Texas-Based Investors
A Delaware bankruptcy judge on Tuesday approved the $310 million sale of The Weinstein Co.'s television and film assets to Dallas-based Lantern Capital Partners.Dallas-Based Investors Emerge as Weinstein Co. Buyers
Lantern Capital Partners is on the verge of acquiring The Weinstein Co. in a bankruptcy sale, after it was revealed that no bidders had topped the private equity firm's $310 million offer to buy the embattled studio's film library and television business.NY Law Firms Among Those Benefiting From Sprint, T-Mobile $146 Billion Deal
Legions of lawyers from some top Am Law 100 firms are advising on the deal, which could create a combined company worth $146 billion.19 Law Firms Get Merger Call for $146 Billion Sprint, T-Mobile Deal
A potential union between Deutsche Telekom AG's T-Mobile US Inc. and SoftBank Group Corp.-owned Sprint Corp. will narrow U.S. consumers' choice of large wireless carriers to three instead of four. And legions of lawyers from some top Am Law 100 firms are advising on the deal, which could create a combined company worth $146 billion.Glasscock Ruling Bolsters Former Energy Execs' Case for Damages
A Delaware Court of Chancery judge has removed a hurdle for two former executives of Louis Dreyfus Highbridge Energy to pursue potentially millions of dollars in damages stemming from the firm's $1.9 billion sale of its energy storage and processing plants in 2011.Navient Seeks Dismissal of Securities Suit Over Student Loan Reporting
Navient Corp. is challenging assertions in a securities class action that top executives at the Wilmington-based Sallie Mae spin-off knew the firm was underreporting to investors the number of delinquent accounts in its student loan portfolio.Ice Cube's Basketball League Target of Former Commissioner's Books-and-Records Suit
The former commissioner of rapper Ice Cube's three-on-three basketball league is seeking access to corporate records in connection to claims its co-founders made him a scapegoat for fraud and mismanagement within the organization.Trending Stories
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