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Higher Law: How Colorado Cannabis Law Has Changed Over a Decade | Cannabis Investors Sue NJ Real Estate Firm | Sullivan & Cromwell's Work on Cronos' SEC Settlement | Class Action Alleges a Lack of THC in Cannabis Products

In this week's Higher Law, we look at 10 years of adult-use marijuana legalization in Colorado.
14 minute read

Delaware Law Weekly

Superior Court Rules Verizon to Recover $120M From Insurers

"The securities claim definition at issue here is in a standard form that is used by policyholders across the country," said Keith McKenna, a partner at Cohen Ziffer Frenchman & McKenna.
4 minute read

Delaware Business Court Insider

GNC Shareholder Files RICO Claims in Delaware Federal Court, Alleging 'Sham' Bankruptcy

The proposed class of GNC shareholders, those who held Class A common stock between February 2018 and June 2020, is represented by New Jersey attorney John Tang, who is also a named plaintiff in the case, owning nearly 8% of GNC's stock.
3 minute read

Daily Business Review

What About Broward? This Less-Popular County Holds Development Opportunities, But Miami-Dade and Palm Beach Have the Spotlight

Despite being the least-popular pick, real estate experts say Broward has many opportunities for growth and development. The question is: can it leverage its unique strengths to its advantage?
6 minute read

Daily Business Review

Spirit Airlines Shareholders Approve $3.8B Sale to JetBlue

JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation's biggest budget airline.
4 minute read

Delaware Business Court Insider

Yoga Studio Chain Asks Supreme Court to Reverse Specific Performance Order

The Court of Chancery typically opts to steer away from mandating closure of a deal, making an order for specific performance uncommon.
3 minute read

Daily Business Review

Murdoch Plan for Empire Pushes Fox Down Most Since 2020

Rupert Murdoch, the 91-year-old patriarch of the global media empire, is seeking to reunite the parent of Fox News with that of the Wall Street Journal and the New York Post.
5 minute read

Delaware Business Court Insider

Court Orders Twitter to Respond in Case for Oversight, Musk Deal Records

The order is the latest development in a relatively busy week for the trio of distinct Chancery cases concerning the deal and Twitter's disclosure of user metrics, all of which are on Chancellor Kathaleen McCormick's docket.
3 minute read

Delaware Business Court Insider

Twitter-Musk Trial Delayed as Parties Get 3 Weeks to Close Renewed Acquisition Deal

Elon Musk's motion stated as he's now seeking to close on the terms of the original merger agreement, there's no need for a trial seeking the same outcome while delaying payouts to Twitter shareholders.
2 minute read

Delaware Business Court Insider

Merger of Sugar Refiners Survives Biden Administration's First Antitrust Suit

U.S. District Judge Maryellen Noreika found the acquisition of Imperial Sugar Co. by ex-rival U.S. Sugar Corp. doesn't violate Chapter 7 of the Clayton Act. The decision was a win for litigation teams led by Cravath, Swaine & Moore and Latham & Watkins.
2 minute read

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