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Delaware Business Court Insider

Del. Chancery Finding Could Lead to Reinstatement of $17M Judgment in Contract Dispute Over Metal Card Sale

The ruling, outlined in a 12-page report from Vice Chancellor J. Travis Laster, could put CompoSecure back on the hook for a nearly $17 million judgment that the state Supreme Court "reluctantly" vacated in the long-running contract dispute.
4 minute read

Delaware Business Court Insider

Payment of Discretionary Bonus Not a Per Se Fraudulent Conveyance

In Jalbert v. Flanagan (In re F-Squared Investment Management), the trustee of a liquidating trust sought to avoid bonus payments by the debtors as fraudulent conveyances.
7 minute read

Corporate Counsel

Headline-Making Companies Change Legal Leaders as General Counsel Become CEOs: May 2019 In-House Moves

Major companies from newly public Beyond Meat to scandal-ridden Boeing filled and created in-house positions in May as more general counsel assumed the CEO role.
18 minute read

Delaware Business Court Insider

Del. Chancery Court Green-Lights Derivative Lawsuit Targeting Director Pay

The suit, from Goldman investor Shiva Stein, alleged that the Goldman board for years had set its pay at nearly twice the rate of that provided by similarly situated competitors, who either equaled or outperformed the New York-based investment bank.
4 minute read

Delaware Business Court Insider

Del. Judge Orders Facebook to Produce Documents Detailing Handling of User Data

Vice Chancellor Joseph R. Slights III on Friday said that the books-and-records lawsuit, filed last year by a New York-based pension fund, had produced at least "some evidence" that the company's board and senior management had knowingly placed users' information at risk and failed to comply with a 2011 consent decree mandating that better protect the data.
4 minute read

Corporate Counsel

Scandal on Campus

University admissions policies face fairness, credibility questions.
10 minute read

New York Law Journal

Weinstein Co. Attorneys Set for Bankruptcy Hearing in Wake of Settlement Trial Balloon

After a week where settlement talks over Harvey Weinstein's alleged sexual misconduct have seemingly gained momentum, only to draw fire from some high-profile plaintiffs lawyers, attorneys in The Weinstein Co.'s Chapter 11 bankruptcy case are expected to meet next week in Delaware to argue a motion to liquidate the estate.
5 minute read

Delaware Business Court Insider

Carl Icahn Threatens Board Fight in Challenging Occidental's Acquisition of Competitor

The lawsuit, filed in Delaware Chancery Court, came just weeks after Houston-based Occidental outbid Chevron Corp. for the right to buy Anadarko for $57 billion in a merger of two Texas oil-and-gas exploration giants.
4 minute read

The Legal Intelligencer

Court Says Fraternity Cannot Be Barred From Pa. Over Hazing Death

The Pennsylvania Superior Court has upheld a trial court's imposition of 10 years' probation and a $112,500 fine for the Pi Delta Psi fraternity over a hazing death that occurred in the Poconos, but said the court lacked authority to bar the fraternity from conducting business in Pennsylvania for a decade.
4 minute read

Delaware Business Court Insider

Fiduciary Duty Claims Against Investors Tossed by Del. Chancery Court for Lack of Control

Vice Chancellor Kathaleen S. McCormick ruled Wednesday on a motion to dismiss that investors Robert and Monica Breslow were largely unsuccessful in an alleged effort to seize control of the firm through a board designee, and thus owed no duties CTT, a Delaware limited liability company.
3 minute read

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