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Delaware Business Court Insider

Laster Appoints Monitor in Court-Ordered Sale of William Koch's Oxbow Carbon

The Delaware Court of Chancery on Wednesday appointed a monitor to oversee the sale of Oxbow Carbon and ordered CEO William Koch to pay tens of millions of dollars in damages to two private equity firms for derailing a deal for the energy company in 2016.
5 minute read

Daily Business Review

Court: Association Declaration's Reference to Alterations Encompasses Material Alterations

The approval of board-proposed alterations to a condominium association's common elements sometimes requires adherence to the general process prescribed by Florida law, which calls for an affirmative vote from at least 75 percent of the total voting interests in the association.
1 minute read

New York Law Journal

Two Recurring Construction Issues: The 'Hoist' and the 'De Minimis Drop'

In a given year, there may be as many as 170 to 200 reported appellate decisions that involve application of Labor Law Sections 240, 241(6) and/or 200 to accidents alleged to have occurred during the course of a “construction” activity.
2 minute read

Delaware Business Court Insider

Moonves Allegations Roil CBS Leadership Amid Fight With Redstone

Recent allegations of sexual harassment by CBS Corp. chief executive Leslie Moonves have brought increased scrutiny to the legal saga unfolding in the Delaware Court of Chancery over control of the New York-based broadcaster.
1 minute read

The Legal Intelligencer

Significant Changes to Pennsylvania's CASPA Coming Soon

It's not often that construction contract statutes are changed in Pennsylvania, so it was notable when Gov. Tom Wolf on July 12 signed legislation to amend the Contractor and Subcontractor Payment Act (CASPA).
3 minute read

Daily Business Review

A Warning to Serial Bankruptcy Filers and a New Remedy for Creditors

A situation that plays out far too often in bankruptcy courts: a debtor files bankruptcy on the eve of a foreclosure sale or the sale of a repossessed vehicle in an attempt to delay a lender from recovering and/or selling its collateral.
1 minute read

Delaware Business Court Insider

Bouchard Turns to Deal Price in Solera Appraisal

The ruling reflected the state Supreme Court's preference for using deal price as the best indicator of fair value in cases that involve a competitive sale process.
1 minute read

Delaware Business Court Insider

Del. Justices Uphold $40M in Coverage for TIAA's Defense in Class Actions

All five justices sided with TIAA and its McKool Smith attorneys, rejecting an appeal that settlement payments are uninsurable disgorgements under New York law.
1 minute read

New York Law Journal

First Suit Over Facebook's Stock Plunge Is Filed in Manhattan Federal Court

The complaint comes after the social media giant lost nearly $100 billion in stock value in one day.
1 minute read

Delaware Business Court Insider

CBS Board Set to Investigate Moonves Misconduct Allegations

The board of CBS Corp., already embroiled in a fierce legal battle with its controlling shareholder, on Friday indicated that it would investigate allegations of misconduct against CEO Leslie Moonves in response to a forthcoming article by The New Yorker.
1 minute read

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