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Delaware Business Court Insider

Laster: Law Firm, Not Client, Drove Demand to Open Books and Records

The Delaware Court of Chancery on Monday dismissed a books-and-records suit against plastics supplier A. Schulman Inc., finding that the plaintiff's Levi & Korsinsky attorneys—and not their client—were the force behind the suit.
4 minute read

Delaware Business Court Insider

Potter Anderson Moves for Nationwide Filing Injunction Against Shawe

Attorneys from Potter Anderson & Corroon are asking a Delaware federal judge to approve a nationwide filing injunction and monetary sanctions against Philip R. Shawe and his Delaware counsel, after the TransPerfect co-founder accused the firm of making a misleading application for attorney fees in court documents.
12 minute read

Delaware Business Court Insider

Bankruptcy Court Affirms Authority to Approve Nonconsensual Third-Party Releases

In a significant decision in a closely watched case, Bankruptcy Judge Laurie Selber Silverstein held in In re Millennium Lab Holdings II, Case No. 15-12284 (LSS) (Del. Bankr. Oct. 3, 2017), that the bankruptcy court had constitutional adjudicatory authority to approve the nonconsensual release of nondebtor, direct nonbankruptcy common law claims against third parties as part of a confirmation order.
7 minute read

The Legal Intelligencer

Justices Set to Mull Attorney-Client Privilege in Derivative Actions

The Pennsylvania Supreme Court has agreed to hear arguments in a case about the complex attorney-client privilege issues that can arise during derivative actions involving nonprofit corporations and special investigating committees.
8 minute read

Delaware Business Court Insider

Third Circuit Denies Expedited Appeal in Bid to Stop TransPerfect Sale

A federal appeals court is unlikely to rule on Philip R. Shawe's constitutional challenge to the forced sale of TransPerfect Global Inc., the firm's co-founder acknowledged on Tuesday, after briefing was scheduled to wrap up next month.
3 minute read

Delaware Business Court Insider

Chancery Court Tosses Derivative Challenge to African Oil Transaction

The Delaware Court of Chancery on Tuesday dismissed a derivative suit filed on behalf of Erin Energy Corp., saying the company's board had successfully pushed back against alleged attempts by its controller to play all sides of a three-way transaction to acquire oil mining rights in Africa.
11 minute read

The American Lawyer

As Paradise Papers Sizzle Appleby, What's Next for Offshore Firms?

The offshore legal industry largely avoided a regulatory crackdown in the wake of the Panama Papers. Will the same be true after the Paradise Papers?
6 minute read

Delaware Business Court Insider

Laster Denies Stay of Fraud Suit in Wake of Federal Subpoenas

The Delaware Court of Chancery on Thursday refused a request by Citadel Plastics Holdings to delay a fraud suit stemming from its $800 million sale to plastics supplier A. Schulman Inc. after federal prosecutors subpoenaed five defendants in a parallel criminal probe, saying it was not yet clear to what extent the two cases would overlap.
4 minute read

Daily Report Online

High Court Remands Open Records Dispute About Northside Hospital

The Georgia Supreme Court has remanded a case over whether records of Northside Hospital are covered by the state's Open Records Act. The records were sought by a lawyer representing an unidentified client who argued that they are public documents because Northside's facilities are owned by the Fulton County Hospital Authority.
5 minute read

Delaware Business Court Insider

Weinstein Co. Doubts Disgraced Producer's Motivation to Open Corporate Books

The Weinstein Co. on Wednesday argued that Harvey Weinstein was using a Delaware books-and-records suit to evade discovery rules in a private arbitration, where the disgraced film producer is pursuing wrongful termination claims against the company he helped to found.
12 minute read

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