Law 360

JULY 17, 2024

public has sued for breach of contract in Delaware's Court of Chancery, alleging the company is refusing to issue more than 9.54 A Florida-based hedge fund that invested in a blank-check company that took battery company Solidion Technology Inc. million shares of stock that are due under pre-merger agreements.

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Law 360

JUNE 10, 2024

Nearly all the allegations of fraud, breach of contract and related claims lodged by healthcare technology venture Trifecta Multimedia Holdings Inc. against acquirer WCG Clinical Services have survived dismissal challenges and will move toward trial, a Delaware vice chancellor ruled Monday.

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LegalReader

MAY 4, 2022

Employers in Delaware must follow the Fair Labor Standards Act, which clearly defines when employees are entitled to overtime pay.

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JonathanTurley

JANUARY 30, 2023

There has been much discussion of a classified document being found in his personal library in Wilmington, but there is a huge library of Biden documents sitting in the University of Delaware. The Bidens have long been accused of open influence peddling to garner millions of dollars and choice jobs or contracts for family members.

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FDA Law Blog

FEBRUARY 5, 2023

By Faraz Siddiqui — In the Spring of 2021, the Health Resources and Services Administration (HRSA) threatened six drug companies with billions of dollars in penalties for not providing 340B discounts to covered entities that sell drugs through vast networks of contract pharmacies (more background on earlier posts ). A lot is at stake here.

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Law 360

APRIL 4, 2024

A Delaware federal judge chastised Caterpillar Inc. ahead of trial in a series of orders mostly siding with claims from a defunct construction equipment supplier accusing the company of pressuring an online auctioneer to break an important contract with the would-be competitor.

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Law 360

MARCH 18, 2024

The owner of rights and trademarks of Singer sewing machine products has sued its North American distributor in Delaware's Court of Chancery, seeking a court declaration that it could end their contract because the distributor failed to meet minimum billing and royalties requirements.

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Mondaq

AUGUST 4, 2021

August 3, 2021) - The Delaware Court of Chancery recently explained under what circumstances dual claims will be allowed to proceed for both breach of fiduciary duty. Wilmington, Del.

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Law 360

JULY 7, 2023

in Delaware's Court of Chancery, alleging breach of contract and seeking damages and contract reformation. Interdealer municipal bond and securities brokerage Hartfield Titus & Donnelly LLC has sued MarketAxess Holdings Inc.

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Law 360

NOVEMBER 13, 2023

faces a shareholder's breach of contract suit in Delaware's Court of Chancery alleging it failed to honor certain terms of its February deal to buy the meal replacement maker. The consumer packaged goods holding company that now owns Soylent Nutrition Inc.

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Law 360

JANUARY 18, 2022

The Delaware Supreme Court recently ruled in AB Stabile v.

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Mondaq

APRIL 25, 2022

When cryptocurrency is the consideration to be paid on a contract and the contract is breached, how should a court calculate damages? That was the issue confronted by Judge Wallace in a case.

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Law 360

DECEMBER 19, 2022

A video game developer asked a Delaware bankruptcy court Friday to force cryptocurrency exchange FTX Trading Ltd. to reject a tournament sponsorship contract with the debtor because of the damage its reputation has sustained in recent months.

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Law 360

OCTOBER 28, 2022

after the social media giant sued to enforce his take-private offer in Delaware's contract-focused Court of Chancery, experts said Friday. In the end, tech mogul and Tesla CEO Elon Musk had no way out of his $44 billion deal to buy Twitter Inc.

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Law 360

SEPTEMBER 11, 2023

on Monday succeeded in its bid to pause a contract dispute with the buyer of one of its business units so that Delaware's Court of Chancery can decide whether Western Union's former in-house counsel, now the buyer's chief legal officer, can remain involved in the litigation. The Western Union Co.

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Law 360

SEPTEMBER 19, 2022

completely unprecedented," telling Delaware's chancellor that only Twitter and Musk can seek specific contract performance. An attorney for tech mogul Elon Musk on Monday called a Twitter stockholder suit to force him to close on a $44 billion offer to buy Twitter Inc.

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Law 360

SEPTEMBER 22, 2022

The Delaware Chancery Court has allowed Elon Musk to add Twitter's payment of a late-disclosed, $7.75 million severance payment to a security chief turned whistleblower to counterclaims allegedly justifying his walking away from a $44 billion contract to buy the social media giant.

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Law 360

JANUARY 29, 2024

In a ruling affirming Delaware's corporate law deference to valid partnership contracts, the state's Supreme Court on Monday reversed a Chancery Court decision that last year invalidated "forfeiture for competition" terms in Cantor Fitzgerald LP's limited partnership agreements, unwinding a win worth $12.5

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Law 360

SEPTEMBER 13, 2022

Elon Musk must scale a mountain of "contractarian" jurisprudence in Delaware to escape his $44 billion commitment to buy Twitter Inc., experts say, as only one case has ever had a party successfully claim that conduct, fraud or disclosure failures justified a "material adverse effect" walkaway.

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Law 360

MARCH 29, 2022

A Delaware vice chancellor dismissed a breach of contract suit filed by health care company Centene Corp. against data storage company Accellion Inc., finding a forum selection clause in their license agreement required the case be heard in California.

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The IP Law Blog

MARCH 17, 2022

When entering into contracts, parties commonly include forum selection clauses to govern future litigation between the parties. The Court of Appeals for the Federal Circuit has generally recognized that parties can bargain away these rights, including through forum selection clauses in contracts. emphasis added).

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Law 360

MAY 19, 2023

Bitcoin miner Coindamental is asking a Delaware Chancery judge for quick action against data center Verecore LLC after Verecore allegedly refused to give up hundreds of costly mining computers in a contract dispute, missed set-up deadlines and failed to honor its hosting contract.

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Law 360

JANUARY 18, 2023

A Delaware bankruptcy court’s recent ruling in Hertz, disallowing claims for make-whole premiums and post-petition interest at the contract rate, could be relied upon by debtors to sidestep those provisions, and potentially provide higher recoveries for equity holders, say Theresa Foudy and Alexander Severance at MoFo.

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Law 360

OCTOBER 17, 2023

A Connecticut real estate investment firm that sued Verizon for backing out on promises to develop a 70-acre parcel in Irving, Texas, had its entire case thrown out Tuesday after Delaware's Court of Chancery found none of the alleged promises were included in the parties' contracts.

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Patently O

MARCH 15, 2022

But, the two parties had a prior agreement to litigate patent disputes in Delaware courts (i.e., The Delaware court (Judge Stark) sided denied preliminary relief and instead sided with the patent challenger – finding (1) evidence of breach was lacking and (2) the real irreparable harm would come from barring the IPR.

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Law 360

SEPTEMBER 7, 2023

The Delaware Supreme Court declined Thursday to reconsider current precedent for distinguishing void-from-the-start contracts from merely voidable ones, upholding a Morgan Stanley affiliate's finding that its limited liability company's rules incurably scuttled a member's investment, triggering a windfall foreclosure on up to $50 million in membership (..)

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Law 360

AUGUST 12, 2021

A Delaware vice chancellor on Thursday refused to dismiss a challenge to a $525 million deal in 2018 for OnCourse Learning Corp., noting that sellers cannot use a clause in a contract obtained by fraud to "eviscerate" buyer claims that the entire contract is an instrument of fraud.

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Law 360

JUNE 1, 2023

Bitcoin miner Coindamental told a Delaware vice chancellor Thursday it had reached a settlement in a dispute over an alleged refusal by data center Verecore LLC to release hundreds of costly cryptocurrency mining computers held hostage in a contract dispute.

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Law 360

APRIL 4, 2023

have settled patent contract litigation days after the District of Delaware's chief judge said both companies and their counsel lost his trust by sealing documents that had no reason to be hidden. Sonrai Memory Ltd. and Hewlett Packard Enterprise Co.

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Law 360

APRIL 5, 2023

subsidiary lost its bid to enforce noncompete obligations on former business partner and contract drug manufacturer Arranta Bio after a Delaware Chancery Court vice chancellor ruled late Monday that Arranta did not sell itself to a competitor. A Thermo Fisher Scientific Inc.

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Law 360

APRIL 4, 2023

A New Jersey and Pennsylvania bistate commission handling a Delaware River bridge project went beyond its powers when it mandated that contractors make project labor agreements with specific unions in order to bid on the construction contract, a Garden State appeals court ruled Tuesday.

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Law 360

FEBRUARY 1, 2023

military sued the company that acquired it in Delaware's Court of Chancery on Wednesday for allegedly keeping without justification $7 million meant to cover contract breaches and faults. Founders of a company that develops electronic warfare systems for the U.S.

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Law 360

MARCH 3, 2023

Delaware's increasingly swamped Court of Chancery has opened a yearlong test to hand off some breach of contract cases to Superior Court's complex commercial litigation judges or to vice chancellors "by designation" from the lower court, reserving Chancery bandwidth for more complex equity disputes.

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Law 360

MARCH 30, 2023

A Delaware federal judge left a majority of Boston Consulting Group's claims intact in a suit accusing GameStop Corp. of refusing to pay at least $30 million for BCG's strategic work to boost the video game retailer's profits, saying BCG did "just enough" to put forth a viably pled breach-of-contract claim.

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Law 360

JANUARY 31, 2023

III isn't taking no for an answer and has filed suit in Delaware Chancery Court against Sparks Energy Inc. after the restoration company backed out of a merger agreement it claims did not constitute a binding contract. Cayman Islands-based blank-check company 10X Capital Venture Acquisition Corp.

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Law 360

OCTOBER 12, 2022

Delaware's chancellor has kept alive a stockholder suit seeking to enforce Elon Musk's agreement to buy Twitter Inc. for $44 billion, rejecting claims over specific enforcement and fiduciary breach damages but calling for briefing on a contract term allowing damages for lost stockholder premiums.

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Law 360

AUGUST 9, 2022

The Delaware Chancery Court carved out for an expedited trial on Tuesday a dispute over "no compete" terms in an agreement between two companies over supplies of molecules essential in genetic medicine and other biopharmaceutical uses, with a possible second trial later on contract termination and damage claims.

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