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Litigation Daily

Tentative $44M Deal With Weinstein Accusers May Be Key to Global Settlement, But Some Plaintiffs Lawyers Balk

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

Delaware Business Court Insider

TrueCar Investors Resist Pause in Delaware Lawsuit While MDL Panel Mulls Consolidating Actions

Investors in TrueCar Inc. are resisting a bid by the Santa Monica-based car-pricing company's directors to temporarily halt a Delaware derivative lawsuit over allegedly inflated stock prices while a federal panel mulls whether to consolidate shareholder claims into multidistrict litigation.
4 minute read

Delaware Business Court Insider

Chancery Awards Advancement to Member Under Operating Agreement Provision

Delaware corporate law allows for a corporation to agree in its organizational documents or contracts to advance legal fees and expenses in defense of actions, arising from a person's service to the company.
3 minute read

Delaware Business Court Insider

Bouchard Denies IT Firm's Bid for $18M Indemnification for Exec's Defense in Bribery Probe

The Delaware Court of Chancery denied Computer Sciences Corp.'s bid to recoup about $18 million it had paid for an executive to defend against criminal investigations into an alleged bribery scheme stemming from the company's purchase of ServiceMesh Inc. in 2013.
3 minute read

Pro Mid Market

Why Your Board Should Consider Using a Smaller Law Firm

With a smaller law firm, experienced lawyers are the norm, rather than the associates who typically handle the day-to-day business for large law firms. The attention given to the client is second to none.
6 minute read

Delaware Business Court Insider

In 'Aruba Networks,' Del. High Court Emphasizes Deal Price as a Measure of Appraisal Value

In 'Verition Partners Master Fund v. Aruba Networks,' the Delaware Supreme Court considered whether the Delaware Court of Chancery abused its discretion in concluding that, as of the “effective date” of the merger between Aruba Networks Inc. and Hewlett-Packard Co., the “fair value” of Aruba was its unaffected market price.
7 minute read

Litigation Daily

Goldman Investors Want Probe Into Involvement in $4.5B Bribery, Money-Laundering Scandal

According to the letter, Goldman made more than $580 million for advising the company at the heart of the scandal over the course of 12 months, a rate that was 200 times the typical fee for such transactions. Now the company expects to spend $1.9 billion more than it had initially reserved to defend legal matters related to the scandal, according to the 27-page correspondence.
4 minute read

New York Law Journal

Goldman Investors Demand Probe Into Involvement in $4.5B Bribery, Money-Laundering Scandal

According to the letter, Goldman made more than $580 million for advising the company at the heart of the scandal over the course of 12 months, a rate that was 200 times the typical fee for such transactions. Now the company expects to spend $1.9 billion more than it had initially reserved to defend legal matters related to the scandal, according to the 27-page correspondence.
4 minute read

New Jersey Law Journal

Bed Bath & Beyond CEO Steps Down Amid Lawsuit, Pressure From Activist Investor

The New Jersey-based company announced that CEO Steven H. Temares had stepped down, days after an activist hedge fund sued the retailer.
4 minute read

New York Law Journal

Bed Bath & Beyond CEO Steps Down Amid Lawsuit, Pressure From Activist Investor

The company announced that Steven H. Temares had stepped down after serving for more than 15 years as CEO.
4 minute read

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