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Chancery Court Blocks Direct Appeal of Directors' Liability for Insider Trading in Fitbit IPO
In a 12-page order, Vice Chancellor Joseph R. Slights III stood by his Dec. 14 opinion, which found that two of Fitbit's outside directors could potentially face liability for suspicious stock sales made by venture capital funds under their control.Del. Equal Rights Amendment, Nearing Passage, Likely to See Court Challenges
The 35-6 vote sent the Equal Rights Amendment on to the Senate, where lawmakers are also expected this week to approve the second leg of the amendment, completing a legislative process that started last year.Del. Judge Weighs Asking High Court to Eye Directors' Liability for Insider Trading in Fitbit IPO
A Delaware judge is mulling a request that would fast-track state Supreme Court consideration of whether directors can be held liable in derivative litigation for trades that were executed by funds under their control.Carney in 2018 Completed Dramatic Reshuffle of Chancery and Supreme Courts
Delaware Gov. John Carney this year completed a historic reshuffling of the Chancery and Supreme courts, putting his mark on a years-long effort to reshape the judiciary that started under his predecessor.Suit Accusing Fitbit Directors of Insider Trading Clears Hurdle in Del. Chancery Court
The lawsuit alleges that Fitbit's brass discovered widespread issues with the San Francisco-based fitness company's heart-rate monitoring technology as early as January 2015 but failed to disclose the scope and severity of the problem before its IPO that November, which raised $416 million.Craig Karsnitz Sworn In as Superior Court Judge
Craig A. Karsnitz left Young Conaway Stargatt & Taylor to become judge of the Delaware Superior Court.Molina, Saul Ewing Associate, Named New Master in Chancery
Selena E. Molina, a 2013 graduate of Widener University Delaware Law School, will replace Morgan T. Zurn, who was recently confirmed to fill one of two new judgeships on the Chancery Court.Molina, Saul Ewing Associate, Named New Master in Chancery in Delaware
Selena E. Molina, a 2013 graduate of Widener University Delaware Law School, will replace Morgan T. Zurn, who was recently confirmed to fill one of two new judgeships on the Chancery Court.Trending Stories
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