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Delaware Business Court Insider

Court of Chancery Grants Special Litigation Committee's Dismissal of 'Carvana' Derivative Action

In re Carvana Stockholders Litigation is another example of a board successfully employing this process to discontinue a derivative suit after directors weighed the pros and cons and made a good faith business judgment to dismiss.
6 minute read

Delaware Business Court Insider

Microsoft, Activision Blizzard Seek Chancery Approval of $69B Merger

The companies are seeking to end an ongoing, parallel case that an Activision shareholder, the Swedish pension fund Sjunde AP-fonden, has been pursuing since November 2022.
3 minute read

Law.com

Inside Track: Why Meta Pays $23M in Security Costs for Mark Zuckerberg

"We believe that Mr. Zuckerberg's role puts him in a unique position: he is synonymous with Meta and, as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg," the company's proxy statement says.
5 minute read

International Edition

Former Post Office General Counsel Leaves Current GC Role Amid Inquiry Questioning

The role of the Post Office's former in-house lawyers is being closely scrutinised at the ongoing Horizon inquiry.
3 minute read

Corporate Counsel

Companies With CLO Who Also Is Corporate Secretary Are Less Likely to Land in Legal Trouble, Study Finds

"Our results should give pause to regulators and commentators who recommend separating the CLO and CS roles," said the study submitted to the Association of Corporate Counsel.
4 minute read

Daily Business Review

Nuclear Verdicts Poised to Rise But Some Governors Fight Back

The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
4 minute read

Delaware Business Court Insider

Del. Supreme Court Unanimously Grants Another Shareholder Win Over Pre-Vote Disclosure

The high court's decision is the latest to map out steps corporations need to take when handling a controller-involved transaction.
4 minute read

Delaware Business Court Insider

Chancery Court Emphasizes Nexus Between Unclean Hands Defense and Asserted Claims

In Pilot v. Greg Abel, Vice Chancellor Morgan T. Zurn granted a motion to strike the defenses of unclean hands and in pari delicto because the defenses lacked a sufficient nexus to the contractual claims asserted by the plaintiff.
8 minute read

Delaware Business Court Insider

Zurn Declines to Weigh In on Truth Social Forum and Rushing Stock Lockup Lift

The Vice Chancellor said won't speed its consideration of a motion that could lift restrictions on shares of Trump Media & Technology Group Corp.
4 minute read

Legaltech News

The State of Information Governance and the Disconnect Between Policy and Reality

Law firms are playing a game of catch up as the sheer volume of data, both in hard copy and electronic form, they routinely handle continues to skyrocket…
6 minute read

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