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Chairman's Opposition Material to Shareholder Vote in $2B Sale, Justices Rule
The Delaware Supreme Court on Tuesday revived a derivative challenge to Diamond Resorts International's $2 billion sale to Apollo Global Management, ruling that shareholders should have been informed of the chairman's opposition to the deal.
Fight Over Noncompete Agreement Gets Ugly
Bako's lawyers spent one sentence denying that the Delaware law voided the noncompete agreements and then offered pages of details of “gross misconduct” on which their counterclaims for breach of duty of loyalty, unjust enrichment and defamation are based.
Skilled in the Art: Getting Ready for 'Alice Part II - The Reckoning'
If the Federal Circuit's Berkheimer decision on Section 101 procedure goes en banc, things are going to get interesting.
Koch Can't Block Forced Sale of His Energy Company, Laster Rules
The Delaware Court of Chancery on Monday ruled that billionaire William I. Koch could not block a private equity firm from forcing the sale of his Oxbow Carbon energy company, finding gaps in the LLC agreement were being used to scuttle members' attempts to force an exit sale.
A Win for Weil as Takata Reaches Bankruptcy Deal
Takata Corp.'s U.S. unit has reached an agreement with lawyers for victims of the Japanese auto parts company's faulty air bags, which could mean an end to a bankruptcy that was paying about $2.5 million a month to Weil, Gotshal & Manges.
Chancery Court Voids Stock Issue in Board Fight
The Delaware Court of Chancery on Thursday ruled that a hurried stock issuance designed to stave off a takeover of the Roma Restaurant Holdings Inc. board was void and could not be counted in a vote to control the company.
People in the News—Jan. 22, 2018—Hyland Levin
Hyland Levin named Julie M. Murphy a partner in the firm.
Justices Uphold Denial of Fast-Track Appeal in Bid to Amend Order Limiting Use of Discovery
The Delaware Supreme Court on Wednesday refused to hear an expedited appeal of a Delaware Court of Chancery ruling that denied a defendant's attempt to modify a protective order so it could pursue fraud claims outside of the state.
Third Circuit Extinguishes Fraudulent Transfer Suit, Predicting Delaware Law
A federal appeals court on Wednesday allowed a Delaware subsidiary of Venezuela's national oil company to escape a lawsuit by a Canadian gold producer over its role in an alleged scheme to help Venezuela avoid paying a $1.2 billion arbitration award.
IBM Accuses Expedia of Infringement After Settling With Priceline
IBM Corp. last week added Expedia Inc. and its related travel websites to a list of companies that the tech giant has accused of infringing four patents covering information storage and sign-on technology.Trending Stories
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