Law 360

JUNE 17, 2024

Pointing to recent Tesla stockholder votes to reincorporate in Texas and approve a mammoth Elon Musk pay package voided in Delaware, an attorney for Tesla has asked the Court of Chancery to reconsider holding a July 8 hearing on a proposed multibillion fee for class attorneys who won the Musk salary put-down.

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Law 360

AUGUST 22, 2022

Shareholders of Santander Consumer USA, La Jolla Pharmaceutical, Nektar Therapeutics and Inovalon Holdings filed new suits in Delaware's Court of Chancery last week, and attorneys for billionaire Elon Musk and Twitter Inc. deforested a small hillside to document an increasing number of discovery disputes.

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Paralegal Bootcamp

DECEMBER 11, 2023

I began my paralegal career working for one attorney, in one specific area of law. I thought I was busy then, but nothing prepared me for the circus act of juggling multiple cases for multiple attorneys in different practice areas. In this blog post, I’ll share some helpful advice for paralegals who work for multiple attorneys.

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Law 360

AUGUST 20, 2024

Arguing that stockholder rights to opt out of class-wide monetary settlements should no longer be "dependent on the accident of geography," attorneys for an AMC Entertainment Inc. Supreme Court Tuesday to review opt-out denials in a deal that ended a Delaware Court of Chancery suit last year. stockholder asked the U.S.

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Law 360

JUNE 26, 2023

Delaware Court of Chancery last week gave the nod to a range of settlements, fee awards and case consolidations, as attorneys from companies including Carvana and Facebook pushed back on shareholder suits.

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The IP Law Blog

JANUARY 5, 2023

Do defendants and the court have the right to ask who is funding a particular patent litigation? Chief Judge Connolly in Delaware says they do, and in In re Nimitz, the Federal Circuit denied a request to stop the judge’s inquiry. The district court then issued a memorandum outlining its concerns.

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Law 360

NOVEMBER 7, 2022

New cases in Chancery Court last week ranged from cannabis control in California to fraud claims in Rwanda, while decisions covered everything from yoga to attorneys blacklisted from concert halls. Oddly enough for Chancery Court regulars, the Twitter disputes happened elsewhere.

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Law 360

JANUARY 5, 2024

A third attorney team representing World Wrestling Entertainment Inc. stockholders has signaled a tag-in for a widening Delaware Court of Chancery rumble with founder Vincent McMahon and top company officials and directors over WWE's allegedly rushed dive into a merger that created TKO Group Holdings Inc.

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Law 360

AUGUST 29, 2022

Recent state court decisions mirroring procedures employed by the Delaware Chancery Court to short-circuit the adjudication of disputes concerning ultra vires corporate acts are a welcome sign for parties who are required to litigate their corporate disputes outside of Delaware, say attorneys at Akerman.

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Law 360

AUGUST 14, 2023

Shareholders who filed dueling Delaware Chancery Court suits over Madison Square Garden Entertainment's 2021 merger with MSG Networks won court approval Monday for $133.5 million worth of settlements to resolve the two disputes, with attorneys for the plaintiffs securing more than $36 million in fees and expenses.

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JURIST

APRIL 14, 2024

Hunter Biden’s original motion to dismiss the charges alleged that the appointment of Special Counsel David Weiss, appointed by Attorney General Merrick Garland in 2023, was unlawful under Department of Justice (DOJ) regulations , which state that “The Special Counsel shall be selected from outside the United States Government.”

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Law 360

OCTOBER 25, 2023

In light of the Court of Chancery's recent focus on additional disclosures, the assignment for the benefit of creditors process in Delaware may no longer be as efficient as it once was, and companies should be prepared to provide significantly more information leading up to an ABC, say attorneys at Goodwin.

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Law 360

JANUARY 10, 2024

An attorney for a creditor seeking to attach and sell a defaulted debtor's stock told Delaware's Supreme Court Wednesday that a lower court finding that creditors must secure physical certificates in a seizure threatens to strip Delaware courts and creditors of some power over valid shares.

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LawSites

DECEMBER 16, 2021

The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. State Court Expansion. As the company’s name suggests, PacerPro developed its PDF2Go service for the federal courts’ PACER electronic filing system. Automatic Distribution.

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LawSites

DECEMBER 16, 2021

The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. State Court Expansion. As the company’s name suggests, PacerPro developed its PDF2Go service for the federal courts’ PACER electronic filing system. Automatic Distribution.

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Law 360

FEBRUARY 23, 2024

A Delaware Chancery judge's rejection of Elon Musk's $55 billion Tesla pay package shows how a court historically viewed as corporate-friendly may be shifting, one of several trends executive compensation experts told Law360 they're seeing. Here are four issues executive pay lawyers should have on their radar.

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Law 360

AUGUST 14, 2024

Delaware's Supreme Court on Wednesday backed a Chancery Court decision awarding an almost record-breaking $266.7 million fee for stockholder attorneys who settled a class action against Dell Technologies Inc. for $1 billion, saying the Chancery "did not exceed its discretion in setting the fee percentage."

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Law 360

JULY 15, 2024

An attorney for private equity firm Clayton Dubilier & Rice LLC told a Delaware vice chancellor Monday that stockholders of animal health company Covetrus Inc.

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LegalReader

JUNE 8, 2022

A civil lawsuit is started with a complaint that needs to be drafted in the proper format, filed in the local court system, and served to the defendant.

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Law 360

JULY 24, 2024

Paramount Global has "completely defaulted" on obligations to provide documents sought by a shareholder investigating controller Shari Redstone's alleged self-interested "usurpation" of the media company's sale opportunities, a stockholder attorney told a Delaware Court of Chancery magistrate Wednesday.

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Law 360

MARCH 4, 2024

Recent decisions make it clear that the Delaware Chancery Court is carefully reviewing public companies' amended advance notice bylaws in order to balance the competing interests of boards and shareholders, and will likely strike down bylaws that improperly interfere with stockholder franchises, say attorneys at Olshan Frome.

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Law 360

APRIL 12, 2024

The proposed Delaware General Corporation Law amendment in response to the Court of Chancery's recent opinion in West Palm Beach Firefighters' Pension Fund v.

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Law 360

OCTOBER 20, 2021

The recent Delaware Chancery Court ruling in Online HealthNow v. CIP OCL reiterates that contractual fraud claims cannot be eliminated with the stroke of a pen, and serves as a reminder that Delaware courts will not permit statutory limitations on liability to excuse intentional fraud, say attorneys at Shearman.

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Law 360

FEBRUARY 17, 2022

The District of Delaware's longest-tenured judge is on his way to the Federal Circuit, but the second-busiest district court for patent cases has procedures in place that will allow it to efficiently manage its docket even while short-handed, attorneys say.

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Law 360

AUGUST 8, 2024

Two Tesla stockholder attorney teams have asked Delaware's Court of Chancery to consolidate three derivative suits challenging billions of dollars' worth of stock moves by Elon Musk and other actions in connection with his Twitter purchase, his artificial intelligence venture and alleged insider trading.

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Law 360

AUGUST 9, 2024

Attorneys for a Kraft Heinz stockholder lost a bid to convince Delaware's Court of Chancery that new evidence justified reopening a dismissed suit alleging that company insiders with ties to a controlling investor, Brazilian private equity firm 3G Capital Inc., billion worth of shares on nonpublic information.

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Law 360

OCTOBER 6, 2023

The pieces are set for a Delaware Court of Chancery attorney leadership hearing Nov. 9 for a derivative suit seeking damages from Fox Corp. directors and officers after the company's $787 million settlement of a $1.6 billion defamation suit filed by Dominion Voting Systems earlier this year.

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Law 360

JULY 22, 2024

Pointing to a Chancery Court finding of no damages after seven years of class litigation over a nearly $1.2 billion alleged liability, attorneys for IDT Corp. founder Howard Jonas on Monday urged a Delaware vice chancellor to reject a class attorney bid for a $9.5 million fee award.

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Law 360

JULY 31, 2024

A Delaware bankruptcy judge on Wednesday ordered a former executive of the troubled U.S.-based based affiliate of Indian educational technology giant Byju's to pay $10,000 a day in contempt sanctions for failing to provide court-ordered discovery, while his attorneys asked for the court's permission to exit the case.

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Law 360

JULY 26, 2024

struggled to convince a Delaware Chancery Court judge Friday that the settlement it reached with the Texas-based bank was worth a $3.5 million attorney fee. An activist shareholder that launched a failed proxy contest at First Foundation Inc.

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Law 360

AUGUST 1, 2024

Duane Morris LLP attorneys who recently won a Delaware Court of Chancery order unwinding a merger that set up unfair terms for distributions from a sunken pirate ship salvage venture potentially worth $200 million to $1 billion have asked for a $3.25 million fee for their five-year effort.

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Law 360

MARCH 6, 2024

billion squeeze-out by BDT Capital Partners LLC heated up Wednesday in Delaware's Court of Chancery as more than a dozen firms on teams led by Scott + Scott Attorneys at Law LLP, Friedlander & Gorris PA and Prickett Jones & Elliot PA are battling to lead a consolidated class suit. The competition among former Weber Inc.

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Law 360

JULY 25, 2024

The founder of a legal research site that makes government documents public has petitioned Delaware's Court of Chancery to sanction Elon Musk, his X entities and his counsel after a court clerk allegedly removed, at the request of attorneys for the billionaire, a document filed in Twitter Inc.'s

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Law 360

JULY 23, 2024

The nation's largest business organization has urged Delaware's Court of Chancery to adopt sweeping curbs to jumbo plaintiff attorney fee awards, declaring a multibillion-dollar fee bid following the cancelation of Tesla CEO Elon Musk's stock-based pay plan "shocks the conscience."

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Law 360

FEBRUARY 14, 2024

A Chancery Court judge "got it backwards" when he concluded that 19 former executives of SeaWorld Entertainment Inc.

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Law 360

OCTOBER 18, 2023

Delaware's shareholder power laws have worked for more than 80 years, and the state's Supreme Court should resist the call from Fox Corp. shareholders to unsettle long-standing interpretations, an attorney for the two companies told state's justices Wednesday. and Snap Inc.

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Law 360

JUNE 5, 2024

In response to issues raised in three recent high-profile Delaware Court of Chancery decisions, many amendments to the Delaware General Corporation Law were quickly proposed that, if enacted, would bring significant changes likely to be hotly debated — and litigated — for the foreseeable future, say attorneys at Morgan Lewis.

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