article thumbnail

Catching Up With Delaware's Chancery Court

Law 360

New cases in Delaware's Court of Chancery last week alleged "pie in the sky" investments by Palantir Technologies and wasteful satellite-launch contracts by Amazon. The nation's court of equity also logged notice of a $65 million settlement and got ready for another coming up this week that could be almost three times as much.

Court 97
article thumbnail

Catching Up With Delaware's Chancery Court

Law 360

threw a fit, and Delaware's chancellor calmly shuffled her papers in the court's highest-profile contract dispute last week. Elon Musk threw a smoke bomb, Twitter Inc. Facebook, Peloton, Krispy Kreme and Winston cigarettes also made appearances on a busy Chancery Court docket.

Court 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Catching Up With Delaware's Chancery Court

Law 360

Delaware's Court of Chancery last week gave a failing grade to a "textbook" bad contract case, called timeout on a foot-dragging plaintiff, and got an unusual request from an investment firm to revisit the math on an appraisal decision.

Court 74
article thumbnail

Walgreens Fights $1B Arb. Award Over COVID Test Contract

Law 360

At-home lab test maker Everly Health urged a Delaware federal judge to affirm its nearly $1 billion arbitration award against Walgreens over claims the pharmacy chain deliberately misused the digital health platform's trademark while secretly diverting COVID-19 tests to its own pharmacists while Walgreens argued the arbitrator overstepped his authority (..)

article thumbnail

Catching Up With Delaware's Chancery Court

Law 360

Delaware's Court of Chancery made some expensive decisions last week, ranging from a $130 million stockholder award and a freeze on $450 million in equity financing to a whopping $1 billion bill for fraud and breach of contract damages. In case you missed it, here's the roundup of news from Delaware's Court of Chancery.

Court 52
article thumbnail

X Fights Finding Severance Row Contract Claims Can Survive

Law 360

and Elon Musk squared off with ex-Twitter workers in Delaware federal court, filing dueling briefs that took opposing stances over whether a district judge should adopt a recommendation to keep alive some breach-of-contract allegations in the workers' proposed class action claiming they were cheated out of severance benefits.

article thumbnail

Breach Of Contract Claims Trimmed In $30M GameStop Suit

Law 360

A Delaware federal court dropped some allegations related to the breach of contract claims against GameStop in a $30 million fee dispute, saying the plaintiff, Boston Consulting Group, has not pled a viable claim in some instances despite having three chances to do so.