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Delaware Business Court Insider

Controlling Stockholder Transactions That Do Not Involve a Freeze-Out Merger May Satisfy MFW to Obtain Business Judgment Review

Since MFW, the Court of Chancery has applied the MFW framework to assess the standard of review of controlling stockholder transactions that did not involve a freeze-out merger, which commentators have referred to as "MFW creep."
5 minute read

New Jersey Law Journal

National Women's Chess Champion Files Whistleblower Lawsuit Against US Chess for Allegedly Mishandling Assault Claims

"As a victim and whistleblower, I am fighting back against campaigns to silence me and retaliate against me for speaking up about sexual violence in chess," said Jennifer Shahade, a two-time national women's chess champion and women chess grand master. "It's been my lifelong mission for women and girls to thrive in this game. I have fought many battles on the chess board and the poker table but this fight for a better chess world is the most important one."
5 minute read

Delaware Business Court Insider

Attorneys No Longer Need to Wait for Chancery Order to File Confidentially

The change to Rule 5.1 is included in the second tranche of amendments to Chancery rules Chancellor Kathaleen St. J. McCormick has approved as part of a project revising the court's rules to realign with Delaware case law and statutes as well as federal rules.
3 minute read

Delaware Business Court Insider

Chancery Confirms Arbitration Award Resulting in Negative Purchase Price

As the Delaware Chancery Court's recent decision in SM Buyer v. RMP Seller Holdings demonstrates, the deference afforded to an arbitrator may result in decisions with which a reviewing court may disagree but that the court is nonetheless bound to confirm.
6 minute read

The Legal Intelligencer

Blank Rome Adds Private Equity Duo From Ballard Spahr

Jeffrey Fickes, who co-chaired Ballard's private equity practice, and Christopher DePizzo join the firm in New York as partners.
3 minute read

Law.com

Report: Securities Fraud Losses Claimed Balloon in First Half of 2024

The report from securities litigation data analytics company SAR attributes the rise not to a greater number of SEC Rule 10b-5 complaints being filed in the federal courts, but to drops in stock prices growing larger.
3 minute read

Delaware Business Court Insider

Chancery Finds Governance Provisions of a Pre-IPO Stockholders' Agreement Invalid for Transgressing DGCL

While the Delaware General Corporate Law (DGCL) is a broadly enabling statute, a number of recent decisions have found limits to parties' ability to renegotiate internal corporate governance by "private ordering" outside of the corporate charter and bylaws.
7 minute read

The American Lawyer

With a 7-Figure Book Deal and TV Adaptation on the Way, This Dechert Associate Remains Committed to Her Day Job

"There are aspects of legal work I would really miss if I left it behind," said Isabel J. Kim, whose unpublished debut novel "Sublimation" has been picked up by Universal International Studios.
5 minute read

New Jersey Law Journal

Schenck Price Promotes New Managing Partner

John Ursin replaced Gary Werner on June 17.
2 minute read

Delaware Business Court Insider

Court of Chancery Dismisses Fiduciary Duty Claims Related to Self-Tender Offer

In August 2022, Giant/Alpha allegedly used its controlling position in Playtika to cause the Playtika board to engage in a self-tender. In a previous ruling, Vice Chancellor Sam Glasscock found that the transaction conferred Giant/Alpha a nonratable benefit and denied Giant/Alpha's motion to dismiss claims against it arising from the transaction.
8 minute read

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