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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

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

Law.com

Ex-Deputy AG's Bid to Represent Huawei Under Scrutiny. Plus: Feds Getting Ready for Probes of Big Tech

The DOJ is doubling down on its claim that James Cole's role in an investigation during his tenure as the department's second-ranking official should prevent him from representing the Chinese tech behemoth
8 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

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

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

Delaware Business Court Insider

Del. High Court Awards $126M in Damages for Breach of LLC Agreement, Reversing Chancery

Delaware courts will enforce the terms of well-drafted, unambiguous contracts. Clearly communicating and memorializing parties' expectations in the terms of their contract puts parties in the best position possible to have their expectations enforced and receive the benefit of their bargain.
7 minute read

New York Law Journal

Tentative $44M Accord With Weinstein Accusers Seen as Key to Global Settlement, But Some Plaintiffs Lawyers Say No Deal

Robert J. Feinstein, who represents a committee of The Weinstein Co.'s largest creditors, told a Delaware bankruptcy judge that the agreement reached in mediation between Harvey Weinstein, the firm's board members and the New York Attorney General's Office "could be the cornerstone" to reaching an overarching settlement through The Weinstein Co.'s Chapter 11 bankruptcy case.
6 minute read

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