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July 09, 2010 |

Not-So-Pretty Poison? Barnes & Noble Poison Pill Trial Opens with Testimony by Mogul Ron Burkle

Thanks to Courtroom View's live video stream of Burkle's closely-watched challenge to Barnes & Noble's poison pill, we got to see Delaware Vice-Chancellor Leo Strine engage in some straight-talking colloquies with the billionaire investor.
3 minute read
October 12, 2000 |

Citigroup Agrees to Pay $32.4 Million in Travelers' Shareholder Dispute

Citigroup agreed to pay $32.4 million to settle shareholder lawsuits filed in Delaware Chancery Court over its $2.4 billion buyout of Travelers Property Casualty, with up to $4.4 million slated for attorneys' fees. Shareholders of Travelers filed 13 complaints seeking class action status, arguing they were being shortchanged in the deal.
2 minute read
July 09, 2008 |

Citing a Sinister Cuban Connection, Anheuser-Busch Sues InBev

The legal mess surrounding InBev's stalled acquisition of Anheuser-Busch now looks like the floor of a frat house basement after an all-night kegger. Trying to stave off a hostile bid by the Belgium-based brewer, the St. Louis-based beer maker is now playing the red card in a civil lawsuit filed Monday against InBev on A-B's home turf in the Eastern District of Missouri. Now A-B's lawyers are pointing to InBev's operations in Cuba as a hang-up to a potential deal.
3 minute read
October 04, 1999 |

London Fog Files for Chapter 11

Raincoat maker London Fog Industries Inc. has sought shelter from a hailstorm of business problems by filing for bankruptcy protection from creditors in Delaware. Last year, London Fog hired a new chief executive officer with orders to boost lagging sales, cut debt and oversee an initial public offering of stock. The IPO never got off the ground, however. As part of its reorganization, London Fog will close company-owned outlets and concentrate on supplying its trenchcoats and other outerwear to retailers.
4 minute read
January 04, 2000 |

Sheraton Must Pay $51.8 Million for Mismanaging Hotel

Hotelier ITT Sheraton owes John Hancock Mutual Life Insurance and a unit of Sumitomo Corp. more than $51 million in damages for mismanaging the former Sheraton Washington Hotel and engaging in commercial bribery with the hotel's suppliers, a Delaware jury decided. A federal court jury in Delaware found Sheraton officials breached a management contract for Washington, D.C.'s largest hotel by accepting kickbacks from hotel suppliers.
2 minute read
May 08, 2001 |

Director: Failing Company Owes Him $465,000

A director of bankrupt Decora Industries who claims the company owes him more than $456,000 alleges mismanagement by some members of the company's board and braintrust and has asked a judge to appoint an examiner. Decora's new CEO in published reports has said that the company doesn't have the money to pay former CEO and current director Nathan Hevrony, but Hevrony claims it does.
3 minute read
July 25, 2007 |

How Lawyers Can Improve Search Results

The Internet is a powerful tool for research, containing information about law, business, government, science and medicine. Unfortunately, with the proliferation of Web sites today, any search may return hundreds of results, many of which are not relevant or reliable. Library and information services administrator Tracey Rich discusses some advanced search techniques in Google that can improve the relevance of search results and examines ways to determine the reliability of a Web site.
10 minute read
May 03, 1999 |

SGL Carbon's Chapter 11 Filing a Legitimate Move Despite Company's Potential Price-Fixing Liability

German steel-component supplier SGL Carbon AG isn't misusing U.S. bankruptcy laws to avoid millions of dollars in potential antitrust liability, a Delaware judge has concluded. SGL Carbon Corp., SGL Carbon's U.S. unit, filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington in December. A U.S. district judge concluded in a closely watched decision that SGL Carbon Corp.'s bankruptcy is a legitimate attempt to deal with the antitrust litigation's potentially devastating effects on the company.
4 minute read
December 01, 2010 |

Deals & Suits

17 minute read
March 08, 2000 |

Chancery Court TRO Treats Client List as Trade Secret

When an attorney leaves one firm for another, can he take a copy of the firm's client list with him? What if that associate tries to use the client list to lure away clients? According to a temporary restraining order issued in Delaware, the associate can't take the list or use it. And the associate can be forced to give the firm back all copies of the list, and be required to notify the former firm of every client contact made.
2 minute read

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