Delaware Supreme Court Chief Justice Collins J. C.J. Seitz Jr. Courtesy photoOracle-NetSuite Deal Wins OK from Delaware Supreme Court
The opinion by Chief Justice Collins J. Seitz Jr. is a victory for the Young Conaway Stargatt & Taylor and Latham & Watkins team that defended Ellison and Oracle CEO Safra Catz, and it upholds the Court of Chancery's earlier decision addressing shareholder control, a topic that's front of mind for many corporate litigators.
January 21, 2025 at 06:05 PM
4 minute read
Oracle's 2016 acquisition of NetSuite has again gotten the approval with the Delaware court, with the Supreme Court deciding on Jan. 21 Oracle founder Larry Ellison hadn't been shown to have pushed through a self-serving transaction at shareholders' expense.
The opinion by Chief Justice Collins J. Seitz Jr. is a victory for the Young Conaway Stargatt & Taylor and Latham & Watkins team that defended Ellison and Oracle CEO Safra Catz, and it upholds the Court of Chancery's earlier decision addressing shareholder control, a topic that's front of mind for many corporate litigators.
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