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Delaware Business Court Insider

Glasscock Greenlights Contract Claims in Suit Over Diverted Bid Rights

The Delaware Court of Chancery has allowed breach of contract claims to proceed against the manager of a Delaware LLC accused of diverting the firm's assets to benefit himself and his friends.
4 minute read

Corporate Counsel

5 of the Biggest Compliance Questions About Renewed Iran Trade Sanctions, Answered

Greta Lichtenbaum, a partner at O'Melveny & Myers whose practice includes international trade and regulatory compliance, answered Corporate Counsel's questions about the impact on multinational companies of the Trump administration's renewed sanctions against Iran.
6 minute read

Delaware Business Court Insider

Glasscock Bars Access to Privileged Emails in Suit Over $3B Pipeline Deal

The Delaware Court of Chancery on Monday denied a plaintiff access to redacted documents in a derivative dispute alleging that the general partner's conflicts committee acted in bad faith in approving a $3 billion transaction that undervalued the firm's assets by $500 million.
3 minute read

Corporate Counsel

Actuant Creates General Counsel Post, Names Fabrizio Rasetti

Rasetti is the former vice president, general counsel and secretary at Boart Longyear.
2 minute read

Texas Lawyer

Haynes and Boone Represents Shell Affiliates in $950M Sale of Argentine Businesses

A team of Haynes and Boone lawyers represented affiliates of Royal Dutch Shell in a $950 million cash deal to sell its downstream facilities in Argentina…
2 minute read

Daily Business Review

Potential $1B Class Action Against FPL Over Hurricane Power Outages Survives

Plaintiffs are asking the court to find gross negligence and breach of contract over FPL's monthly "storm surcharge."
3 minute read

National Law Journal

What New Russia Trade Sanctions Mean for US Companies and Investors

Seetha Ramachandran, a litigation partner at Schulte, Roth & Zabel in New York and a former federal prosecutor, discusses new trade sanctions imposed in April by the U.S. Treasury Department's Office of Foreign Assets Control against Russian individuals and companies.
6 minute read

Delaware Business Court Insider

Ohio Citizenship Bars Mining Suit, Del. Judge Rules

A federal judge in Delaware has refused an attempt by Cliffs Natural Resources Inc. to tack racketeering claims onto its breach of contract suit against a Virginia coal producer in a last-ditch attempt to establish federal jurisdiction over the case.
4 minute read

The Legal Intelligencer

Judge Doubles Overtime Awarded in Oil and Gas Workers' FLSA Case

U.S. District Judge Mark Kearney approved the eight plaintiffs' request for liquidated damages, doubling the combined amount of back overtime from approximately $498,000 to nearly $1 million.
3 minute read

Delaware Law Weekly

Third Circuit Upholds Dismissal of Challenge to DuPont Spinoff's Buyouts

A federal appeals court on Monday upheld the dismissal of a class action lawsuit from former employees of The Chemours Co. who said they were duped into taking a less generous buyout deal as the chemical firm downsized after its spinoff from DuPont.
4 minute read

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