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July 28, 2017 | Delaware Business Court Insider

Cabela's Investors Withdraw Suit Over $5B Sale to Bass Pro Shops

Four investors in Cabela's Inc. on Thursday dropped class action claims accusing the outdoor sporting retailer of failing to disclose important details related to the company's $5 billion sale to Bass Pro Shops, saying that Cabela's has addressed its concerns with additional disclosures.
4 minute read
July 27, 2017 | Delaware Business Court Insider

US Magistrate Greenlights Walgreens' $40M Suit Against Theranos

A U.S. magistrate judge on Thursday said that Theranos Inc. should not be allowed to avoid an attempt by Walgreen Co. to recover $40 million it says it is owed after the embattled blood-testing company failed to deliver on its fundamental promise.
9 minute read
July 17, 2017 | Delaware Law Weekly

Monsanto Seeks Pause in Del. Roundup Litigation

Monsanto Co. is seeking a pause in Delaware litigation involving its Roundup brand herbicides, saying that a California judge should decide whether the company's quick removal of personal injury suits from state to federal court circumvented a statute that protects plaintiffs' choice of forum.
7 minute read
July 07, 2017 | Delaware Business Court Insider

Robinson Denies Injunction in Hair Care Infringement Dispute

A Delaware federal judge on Thursday blocked a bid to halt L'Oreal from selling a line of hair care products, ruling that a competitor and one-time acquisition target was unlikely to prove that the cosmetics giant had infringed on the patent underlying its innovative hair treatment system.
3 minute read
July 03, 2017 | Delaware Law Weekly

Markell, Minner, Ex-DOC Officials Claim Immunity in Prison-Riot Suit

Current and former state officials on June 30 moved to dismiss a wrongful death lawsuit filed by the family of a correctional officer killed in a Feb. 1 prison uprising at James T. Vaughn Correctional Center.
11 minute read
June 28, 2017 | Delaware Business Court Insider

Weil Grabs Bankruptcy Wheel for Ailing Air Bag Maker Takata

Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc.
8 minute read
June 26, 2017 | The American Lawyer

Weil Grabs Bankruptcy Wheel for Ailing Air Bag Maker Takata

Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc. The proposed acquirer, advised by Skadden, Arps, Slate, Meagher & Flom, is owned by China's Ningbo Joyson Electronic Corp. Big legal fees loom on the horizon.
8 minute read
June 13, 2017 | Delaware Business Court Insider

Executive Board Chairman Resigns Amid Cypress Proxy Fight

The executive chairman of the Cypress Semiconductor Corp. board has resigned amid allegations linking him to one of the company's top competitors, a move that sets up the possibility of total victory for the firm's founder and former chief executive in a heated proxy fight that has spilled into the Delaware Court of Chancery.
4 minute read
June 08, 2017 | The American Lawyer

A Pro Bono Stage of a Different Sort for Weil

Weil, Gotshal & Manges, a firm familiar with high-profile bankruptcy engagements, took on a Chapter 7 case this week for The Pearl Theatre Co., a longtime off Broadway acting troupe in New York City. But Weil also scored a more lucrative assignment for an oil services company.
3 minute read
June 07, 2017 | Inside Counsel

Former Cypress CEO Secures Order for Added Disclosures Ahead of Stockholder Vote

The Delaware Court of Chancery on Thursday postponed the annual stockholder meeting of Cypress Semiconductor Inc. and ordered the company to make additional…
4 minute read

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