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Daily Business Review

Elon Musk Will No Longer Be Deposed in Broward

The crux of the legal dispute centers on the speed-limiting software feature in the Tesla vehicle, which was initially set to cap speeds at 85mph, but was allegedly removed by Tesla.
4 minute read

Law.com

Fourth Circuit Rejects Shareholders' Security Fraud Claims Based on Optimistic Projections for Merged Company

Fourth Circuit decision reinforces that securities fraud liability "cannot be 'predicated solely on an overly optimistic view of a future which may, in fact, encounter harsh economic realities down the road.'"
5 minute read

Law.com

Federal Judge Turns Back MOHELA's Sovereign Immunity Defense in Student-Debt Cancellation Case

"MOHELA's reliance on Biden to argue that it is 'part of' the State of Missouri is unpersuasive considering that the Supreme Court did not address sovereign immunity," U.S. District Judge Leonie M. Brinkema wrote in Tuesday's opinion.
4 minute read

Delaware Business Court Insider

19th Annual Review of Key Delaware Corporate and Commercial Decisions

This list highlights some of the notable decisions that should be of widespread interest to those involved in corporate and commercial litigation or those who follow the latest developments in this area of Delaware law.
17 minute read

Daily Report Online

Middle District Awards Over $1.3M to Shareholders in Dissenters' Rights Case Over Pre-Revenue Corporation

The case presented an unprecedented issue equivalent to determining "how much a reasonable person would likely pay to join a consortium of gamblers who want to pool their funds to buy lottery tickets for the possibility of winning the next big 'Power Ball' drawing," Judge Clay Land said.
5 minute read

Delaware Business Court Insider

Chancery Permits Limited Stockholder Inspection of Nonpublic Books and Records for Better Valuation of Shares

The Delaware Court of Chancery considered whether a stockholder of a publicly traded company was entitled to inspect the books and records of the public company's nonpublic subsidiary for the stated purpose of "more accurately" valuing the public corporation's publicly traded shares.
8 minute read

National Law Journal

Circuit Consensus: Climate Claim Suits Against Big Oil Belong in State Courts

U.S. appeals court have uniformly rejected the companies' reference to a federal common law of interstate air pollution.
3 minute read

Delaware Business Court Insider

Calif. Appellate Court Declares Delaware Exclusive Forum Provision Unenforceable

Publicly traded corporations increasingly adopted exclusive forum provisions to reduce the risk of burdensome and costly multijurisdictional stockholder litigation. State and federal courts around the country regularly enforced the provisions, dismissing cases not brought in the specified jurisdiction.
5 minute read

The Legal Intelligencer

Corporate Transparency Act: Effect on Middle Market Mergers and Acquisitions

Given the CTA's sweeping scope and the extensive information required for compliance, the new legislation will undoubtedly have significant impacts on middle market M&As moving forward.
6 minute read

Delaware Business Court Insider

Chancery Denies Motion to Vacate Advancement Orders Based on Belated Assertion of Arbitration Provision

Parties in business transactions sometimes decide by contract that disputes relating to or arising out of their contractual relationship shall be resolved by arbitration. If and when a dispute arises, a threshold issue is whether the dispute is covered by arbitration and if so, whether any aspect may be resolved by a court.
6 minute read

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