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Delaware Business Court Insider

Supermajority Shareholder Approval Not Required for Nevada Conversion

Vice Chancellor Paul A. Fioravanti Jr.'s opinion stated language in one section of the digital media company's charter doesn't apply to the conversion based on Delaware precedent, marking a win for attorneys at Wilson Sonsini Goodrich & Rosati and Latham & Watkins.
3 minute read

Daily Business Review

Akerman Sues Former Aviation Client For $2.2 Million in Unpaid Fees

The firm represented Pioneer Business Services, the defendant in Tuesday's suit, in a contract dispute with private aircraft operator VistaJet which was resolved in July after two years.
2 minute read

The American Lawyer

Baker McKenzie, Ex-Client Embroiled In Litigation Over Retainer Agreement Breach

California-based workplace services company SBM Management Services alleges that the global firm failed to adhere to a requirement in which it would provide updates when expended attorneys' fees and costs reached $15,000 intervals.
3 minute read

Texas Lawyer

Quinn Emanuel Secures $16M Verdict Against Bell Helicopter

Bell allegedly shared the technology with Aeronautics Corporation of America, which manufactured its own units and sold them back to Bell and a substantially lower cost, Rogerson Aircraft co-lead counsel Karl Stern argued.
4 minute read

The Recorder

Keker Secures Defense Win for EDA Software Company Real Intent in Synopsys Copyright Infringement Case

On Aug. 26, a San Jose federal court granted summary judgment in favor of Real Intent on fair use but rejected Real Intent's motion for summary judgment on Synopsys' breach-of-contract claim. A jury awarded damages of $550,000 to Synopsys on its breach-of-contract claim on Tuesday.
4 minute read

Texas Lawyer

Houston Appeals Court Reverses $1.5M Award Against Oil, Gas Equipment Firm

The appeals court said a contract must be sufficiently definite in its terms to be legally binding.
4 minute read

The Recorder

Who Got the Work: Morgan Lewis Set to Defend X Corp., Elon Musk in ERISA Suit

Plaintiffs, former Twitter executives, say in their complaint that Elon Musk's acquisition of the microblogging app constituted a "material adverse change" in employment terms and meant they were entitled to severance packages upon resignation.
3 minute read

New York Law Journal

Dispute on 'Implicit' Term Insufficient to Preclude Enforcement

This article discusses the potential risks companies face when working with renegotiation of settlement agreements. "plaintiffs Javelin Global Commodities (UK) Ltd. and Bluegrass Commodities LP sued defendant Lexington Coal Company, and its affiliates, under two different contracts: (i) a contract between Bluegrass and Lexington granting Bluegrass the exclusive right to market and sell thermal coal; and (ii) a contract between Javelin and Lexington for the sale of metallurgical coal to Javelin."
7 minute read

Delaware Business Court Insider

Four Delaware Supreme Court Arguments to Pay Attention to This Fall

Closely-watched cases could have implications for areas of corporate law that have come up repeatedly in attorneys' conversations this year and in 2023, including controlling shareholders, out-of-state incorporations and how much leeway the Court of Chancery has in reviewing arbitration awards and non-competes.
6 minute read

Law.com

Judge Shrinks Attorney Fee Award for 'Data Dump,' Billing Record Deficiencies

KPM's invoices lacked charts, summaries or other explanation as to its purportedly reasonable hours, the court said.
5 minute read

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