Law 360

NOVEMBER 14, 2024

A Delaware magistrate in Chancery decision shielding company records from stockholder demands based on anonymous, pre-suit sources and purportedly new, post-demand requests threatens one of the few sources available for probing corporate wrongdoing, a stockholder attorney told a vice chancellor on Thursday.

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Law 360

JANUARY 9, 2023

Delaware firm Morris James has elected an attorney in the firm's corporate and commercial litigation practice group and a civil litigation lawyer from a family with deep roots in the First State's legal community as its newest partners.

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Law 360

SEPTEMBER 18, 2024

An attorney for residential solar power system dealer Sunder Energy LLC told Delaware's top court Wednesday that the Chancery Court last year relied on a case record "procedurally anomalous and bereft of fact" when it denied a preliminary injunction in a noncompete suit targeting a co-founder and two competitors.

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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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Patently O

FEBRUARY 22, 2023

Stroud is General Counsel at Unified Patents – an organization often adverse to litigation-funded entities. [1] litigation finance boom of the past 20 years—as has been widely reported, private equity now undergirds huge swaths of U.S. Guest post by Jonathan Stroud. Patent assertion finance today is a multibillion-dollar business. [2]

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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. Farnan told me the service has already proven to save staff time and resources at his firm, particularly in cases in which he is working with out-of-state counsel in a litigation matter. .

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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. Farnan told me the service has already proven to save staff time and resources at his firm, particularly in cases in which he is working with out-of-state counsel in a litigation matter. .

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Law 360

SEPTEMBER 18, 2024

The Delaware Court of Chancery's recent decision in Medal v. Beckett Collectibles provides guidance for avoiding ambiguity in provisions relating to the acceleration of earnout payments under specified circumstances, and provisions mandating good faith negotiations before bringing earnout litigation, say attorneys at Fried Frank.

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Law 360

MAY 26, 2023

Attorneys for former CBS Corp. million settlement to end class litigation over alleged damages arising from the company's $30 billion merger in 2019 with Viacom Inc., the attorneys told the Delaware Chancery Court in a stipulation filed Friday.

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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

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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Law 360

APRIL 25, 2024

The Delaware Chancery Court’s recent dismissal of a stockholder complaint against Carvana illustrates how special litigation committees can be a powerful tool for boards to regain control after litigation alleging a breach of fiduciary duty, say attorneys at Morgan Lewis.

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Law 360

JUNE 25, 2024

Shareholder attorneys led by Friedlander & Gorris who negotiated a $71 million settlement to end derivative Delaware Chancery Court litigation with healthcare-purchasing giant Premier Inc. will get $14 million for their efforts, the total fee award they sought.

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Law 360

OCTOBER 6, 2022

A recent Delaware decision in Twitter v. Musk underscores that policies and practices relating to a company's right to access personal emails on its accounts may affect any attorney-client privilege that otherwise would protect such emails from discovery in litigation, say attorneys at Fried Frank.

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Law 360

JULY 22, 2021

The Delaware chancellor on Thursday chastised Gilead Sciences Inc. for "glaringly egregious" litigation conduct, ordering the company to pay nearly $1.76

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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

FEBRUARY 26, 2024

and a class of shareholders to settle litigation that accused the social media platform of giving its founders too much voting power won Delaware Chancery Court approval Monday, but shareholder attorneys got just $4.5 An agreement between Snapchat parent Snap Inc. million of the $6.6 million in fees that they sought.

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Law 360

MAY 10, 2023

A Delaware vice chancellor plans to reject an AMC Entertainment investor's calls to disqualify a Prickett Jones & Elliott PA attorney appointed to review filings as the court prepares to consider the roughly $130 million settlement of litigation over a purportedly unfair stock conversion.

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Law 360

DECEMBER 20, 2023

Corporate and mergers and acquisitions litigation has continued at a fevered pace this year, with the Delaware courts addressing numerous novel issues with important practical implications, including officer exculpation and buyer aiding-and-abetting liability, say attorneys at Fried Frank.

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Law 360

MARCH 24, 2023

The Delaware Chancery Court's third decision in the McDonald's stockholder litigation related to sexual harassment at the company indicates that plaintiff stockholders bringing Caremark claims against officers are not likely to be successful if the board acted properly, say attorneys at Fried Frank.

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Law 360

JANUARY 8, 2024

million cash settlement to end Delaware Chancery Court litigation over the company's $3.5 billion stock-for-stock merger with Sirius XM Radio in 2018, with attorneys securing 100% of the $7.3 Pandora Media Inc. stockholders won court approval Monday for a $23.5 million in fees and expenses they requested.

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Law 360

OCTOBER 5, 2021

An attorney for Camping World Holdings Inc. directors told a Delaware vice chancellor Tuesday that stockholder claims for derivative damages tied to $530 million in alleged insider trading can't pass newly clarified court requirements to show the futility of demands for company-led litigation.

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Law 360

SEPTEMBER 6, 2022

Attorneys for tech billionaire Elon Musk urged Delaware's chancellor Tuesday to delay the scheduled Oct. 17 start of a trial on Twitter's suit to compel closing on Musk's $44 billion deal to buy the company, with Twitter's counsel slamming the request as an unsupportable litigation gambit.

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Law 360

FEBRUARY 29, 2024

A Delaware vice chancellor has denied a three-firm leadership bid in stockholder litigation over alleged mismanagement at a medical clothing company because no First State attorneys were on the proposed lead counsel team.

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Law 360

SEPTEMBER 23, 2022

The Delaware Chancery Court on Friday refused Tesla CEO Elon Musk's request for a "blanket" waiver of the attorney-client privilege Twitter Inc. has cited in refusing to hand over documents in litigation over Musk's attempt to get out of his $44 billion offer to buy the company.

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Law 360

MAY 17, 2023

million attorney fee cleared the Delaware Chancery Court on Wednesday, capping years of direct and derivative litigation over company failures to disclose negative drug trial results. A derivative lawsuit settlement that produced a package of Geron Corp. corporate governance reforms and a $1.35

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Law 360

APRIL 21, 2023

sued the company for an $850,000 attorney fee in Delaware's Court of Chancery on Friday, accusing the company of snubbing a payment request for an earlier litigation demand he served on the company. An investor in car-sharing business Getaround Inc.

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Patently O

JULY 16, 2024

the Federal Circuit addressed the scope of a district court’s inherent authority to investigate potential litigation misconduct. While I am not generally opposed to litigation finance, the Mavexar and IP Edge controversy highlights significant ethical concerns associated with the practice. Canary Connect, Inc. ,

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Law 360

FEBRUARY 22, 2024

Attorneys for online book and study aid giant Chegg Inc. told a Delaware vice chancellor on Thursday that stockholders have failed to assemble defensible claims in a suit accusing the company of operating as a cheating service for students, saying they are trying to circumvent a stay for litigation in California federal court.

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Law 360

JANUARY 4, 2024

shareholders got court approval Thursday of a $30 million cash settlement to end Delaware litigation over decades of alleged sexual misconduct by one of the company's co-founders, but the state's Court of Chancery trimmed a suggested $6.6 million fee award for shareholder attorneys to $5.3

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Paralegal Bootcamp

JUNE 1, 2023

The attorney I worked for, and his paralegal, took me under their wings and exposed me to the wonderful world of Plaintiff’s work. When I had several cases in litigation, I was detached at home most days and I had to make a change. It opened the door to a hallway of opportunities and my paralegal career began.

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Law 360

MAY 5, 2023

Attorneys for shareholders of Geron Corp. told a Delaware vice chancellor on Friday that the court should award the requested $1.35 million in attorney fees and litigation expenses now that the deadline had passed for objecting to a proposed derivative settlement with the pharmaceutical company's brass.

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Law 360

SEPTEMBER 14, 2023

A Delaware federal judge's standing orders regarding corporate ownership and funding disclosure requirements have had significant impacts even outside of the judge's court, including on how patent assertion entities organize and file cases, and have addressed the ethical implications of litigation control revealed through the disclosures, say attorneys (..)

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Law 360

JULY 12, 2023

An attorney for AmerisourceBergen stockholders challenged a single-member special litigation committee report recommending a Delaware vice chancellor dismiss their derivative damages claims over the company's unauthorized salvage and resale of cancer drug-vial dregs, saying Wednesday the report was "not reasonable, not diligent."

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Law 360

JULY 6, 2023

investors are urging the Delaware Chancery Court to approve a $2 million attorney fee and expense award for their counsel after reaching a proposed settlement that would end litigation over an allegedly unfair $100 million transaction with another drug company. Two Amneal Pharmaceuticals Inc.

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Law 360

AUGUST 7, 2023

is urging Delaware's Court of Chancery to reject a $5 million attorney fee for stockholders who lost a challenge to an allegedly overpriced $9.3 arguing they should not be rewarded after "dragging" the company and directors and officers "through years of meritless litigation." Oracle Corp. billion company deal for NetSuite Inc.,

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Law 360

MAY 15, 2023

investors told the Delaware Chancery Court they will seek a fee award of up to $2 million for their attorneys in connection with a proposed deal that would end litigation over an allegedly unfair $100 million transaction with another pharmaceutical company. Two Amneal Pharmaceuticals Inc.

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