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September 07, 2017 | Delaware Law Weekly

Sleet Grants 'Do Over' for Investors' Complaint Over Student Loan Reporting

A Delaware federal judge on Wednesday gave class plaintiffs a second chance to file a complaint accusing Navient Corp. of underreporting to investors the number of delinquent accounts in its student loan portfolio, after tossing the first one for faulty pleading.
3 minute read
September 06, 2017 | Delaware Business Court Insider

White House Vetting Del. Senators' Picks for District Court Seats

President Donald Trump is expected in the coming weeks to announce his nominees for two openings on Delaware's federal bench, as his administration vets three candidates forwarded by the state's two Democratic senators.
17 minute read
September 05, 2017 | Delaware Law Weekly

White House Vetting Del. Senators' Picks for District Court Seats

President Donald Trump is expected in the coming weeks to announce his nominees for two openings on Delaware's federal bench, as his administration vets three candidates forwarded by the state's two Democratic senators.
5 minute read
August 23, 2017 | Delaware Business Court Insider

Questions Raised on Required Clarity of Disclosures in SEC Filings

Two recent decisions of the Delaware Court of Chancery separated by only two weeks took seemingly contradictory positions regarding the extent to which corporate disclosures must be made clear in proxy statements and other SEC filings.
17 minute read
August 17, 2017 | Delaware Business Court Insider

Bouchard Tosses Suit Claiming Merger Cost Investors $3B Value

The Delaware Court of Chancery on Thursday dismissed a shareholder class action that accused the directors of a paper and packaging company of improperly approving a merger-of-equals that allegedly left $3 billion on the negotiating table.
11 minute read
August 10, 2017 | The American Lawyer

Takata Parent's Bankruptcy Reveals Big Monthly Litigation Fees

Japanese auto parts giant Takata Corp., which followed its U.S. unit into a Delaware bankruptcy court this week, revealed in court documents that it is paying nearly $1 million per month in legal fees to an Am Law 100 firm advising it in product liability litigation over faulty air bags.
4 minute read
August 04, 2017 | Delaware Business Court Insider

Theranos, Walgreens Ask Judge to Dismiss $140M Lawsuit

Walgreen Co. and Theranos Inc. on Friday asked a federal judge in Delaware to dismiss a $140 million lawsuit claiming that the Palo Alto-based startup had breached the companies' contract and mislead the drugstore chain about its ability to deliver on its fundamental promise.
7 minute read
August 01, 2017 | Delaware Business Court Insider

Del. Justices Nix Appraisal Ruling in 'DFC Global'

The Delaware Supreme Court on Tuesday reversed a Delaware Court of Chancery ruling that payday lender DFC Global Corp. was sold for less than what it was worth in 2014, instructing Chancellor Andre G. Bouchard to reconsider the weight he gave to the deal price in the closely watched appraisal case.
10 minute read
July 31, 2017 | Delaware Business Court Insider

Koch Lawyer Cleared to Testify in Suit Over Control of Energy Firm

The Delaware Court of Chancery on Friday ruled that a top lawyer for William I. Koch will be allowed to testify on behalf of the billionaire in a bitter fight over investor rights that could determine the future of Koch's Oxbow Carbon firm.
5 minute read
July 31, 2017 | Delaware Law Weekly

Major Law Firm Names Populate GOP Shortlist for Del. Federal Court Vacancies

A group of top Delaware Republicans have forwarded to the White House the names of three attorneys they favor to fill two openings on the state's federal bench.
15 minute read

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