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Delaware Business Court Insider

McCormick Refuses to Throw Out Derivative Claims Over California Firm's Stock Repricing

Vice Chancellor Kathaleen S. McCormick ruled Thursday that plaintiff Thomas S. Howland Jr. and his Fox Rothschild attorneys had supported claims for breaches of fiduciary duty and unjust enrichment against the officers and directors of Anixa Biosciences Inc.
3 minute read

Corporate Counsel

Gender Bias by Subordinates: What General Counsel Need to Know

Employment lawyers say the issue is coming up frequently these days as a growing number of women establish companies or take leadership roles. While bias by subordinates has not often led to litigation, general counsel need to be aware of the risks.
6 minute read

Delaware Business Court Insider

Q&A: The Application of Delaware Law in New York Courts

Justin T. Kelton is a partner at Abrams Fensterman in New York, focusing on commercial litigation. He frequently represents clients in business disputes requiring application of Delaware law by New York courts.
5 minute read

Delaware Business Court Insider

Chancery Addresses Director Compensation Under 'Investors Bancorp' in 'Stein'

In Stein v. Blankfein, the Delaware Court of Chancery issued one of its first opinions addressing director compensation following the Delaware Supreme Court's ruling in In re Investors Bancorp Stockholder Litigation.
6 minute read

New York Law Journal

Stockholder Pre-Suit Demand Review

In their Corporate Litigation column, Joseph M. McLaughlin and Shannon K. McGovern discuss the Delaware Court of Chancery's decision in 'City of Tamarac Firefighters' Pension Tr. Fund v. Corvi', which reminds practitioners of the steep burden facing a derivative plaintiff seeking to plead that a board wrongfully refused its pre-litigation demand and provides guidance on several recurring aspects of board responses to demands
10 minute read

The Legal Intelligencer

Pa. Jurisdiction in Grenfell Tower Suit May Be Tested by Evolving Case Law

According to the attorneys who filed the lawsuit over the deadly 2017 fire in London's Grenfell Tower, the case, which involves more than 200 named plaintiffs, is one of the largest products liability lawsuits in Pennsylvania history. But whether the case remains in the Keystone State may depend on several issues currently working their way through the Pennsylvania appellate courts.
6 minute read

Delaware Business Court Insider

Glasscock Blocks Appeal in DuPont's Bid to Keep Under Seal Lawsuit Over Corporate Spinoff

The ruling, issued late last week by Vice Chancellor Sam Glasscock III, could clear the way for Chemours' 65-page complaint against DuPont to be made public.
3 minute read

Daily Business Review

Key Takeaways From the Insys Prosecution

In early May, a jury in Boston ruled that the founder of Insys Therapeutics, John Kapoor, as well as four other executives from the company, were guilty of a racketeering conspiracy.
6 minute read

Delaware Business Court Insider

New Investor Suit Seeks to Halt SunCoke Merger Vote

SunCoke would purchase all publicly traded units of SunCoke Energy Partners that it did not already own, in exchange for SunCoke stock.
3 minute read

Corporate Counsel

SEC Takes Cannabis Company to Court Seeking Documents

The SEC is investigating allegations that the co-founder of Covalent Collective may have "violated the registration provisions of the securities laws in an unregistered offering of securities" and "made misleading representations to investors and potential investors about the operations, acquisitions, and projected stock price."
3 minute read

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