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Delaware Business Court Insider

Del Judge Denies $1.5M in Attorney Fees Sought for Corporate Benefit in Merger Challenge

The Delaware Chancery Court on Wednesday cited the “steadfast opposition” of three New York-based plaintiffs' firms in denying their bid to recover $1.5 million in fees for finding flaws in an unsuccessful challenge to the merger of two major furniture companies.
3 minute read

New York Law Journal

NY Firms Denied $1.5 Million Fee in Merger Challenge

The Delaware Chancery Court on Wednesday cited the “steadfast opposition” of three New York-based plaintiffs' firms in denying their bid to recover $1.5 million in fees for finding flaws in an unsuccessful challenge to the merger of two major furniture companies.
3 minute read

Daily Business Review

Company Forecasts or Projections—Fact or Fantasy? Can They Be Relied Upon?

A forensic accountant or a business valuator is often presented with management's forecast. What degree of reliability can that person place on the forecast for either a valuation of a business or for a determination of lost profit for business damages? That depends.
6 minute read

Daily Business Review

Relief on Way to US Individuals Owning Stock in Controlled Foreign Corporations

The U.S. Department of the Treasury on March 4, released proposed regulations dealing with the application of the recent U.S. tax reform to U.S. shareholders of a controlled foreign corporation (CFC).
5 minute read

Delaware Business Court Insider

'Glidepath': Guidance for Extra-Contractual Principles in an Earn-Out Context

The Delaware Court of Chancery recently issued an opinion that provides guidance for the application of extra-contractual principles in an earn-out context, further stressing the importance of precise drafting of earn-out provisions.
8 minute read

The Recorder

In Pinterest IPO, Skadden, Cleary, Potter Anderson Share $2M in Legal Fees

Pinterest's IPO has generated $2 million in legal fees, with the company expected to begin trading next week.
3 minute read

Delaware Law Weekly

Potter Anderson Among Firms Sharing $2M in Legal Fees from Pinterest IPO

Pinterest's IPO has generated $2 million in legal fees, with the company expected to begin trading next week.
3 minute read

Delaware Business Court Insider

Del. Supreme Court Cites Timing of Deal Talks in Reviving Case Over Oil and Gas Merger

The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
4 minute read

Litigation Daily

In Reviving Suit Over Oil and Gas Merger, Delaware Supreme Court Cites Timing of Deal Talks

The ruling, published Friday by a three-judge panel of the state high court, applied the justices' 2014 precedent in the case Kahn v. M&F Worldwide to deny business-judgment deference to the Earthstone board and reversed, in part, the Chancery Court's dismissal of the case in its entirety last July.
4 minute read

Daily Business Review

Sellers Beware—Conventional Consignments Are a Thing of the Past

The March 11 opinion by the U.S. Court of Appeals for the Ninth Circuit in IPC (USA). v Kathryn A. Ellis, is a stark reminder to all businesses that sell goods on consignment that the combination of the Bankruptcy Code and the Uniform Commercial Code has virtually eliminated conventional and traditional consignments.
5 minute read

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