Law 360

JUNE 17, 2024

Proposed amendments to Delaware's General Corporation Law that were prompted by several recent Chancery Court rulings sailed through the state Senate last week despite loud opposition from corporate law professors and other Chancery Court watchers, and Tesla shareholders filed two new suits against CEO Elon Musk.

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Law 360

MARCH 11, 2025

Delaware state Senate Bill 21, up for a Judiciary Committee vote on Wednesday, overturns some provisions of landmark state Supreme Court rulings, from Kahn v. M&F Worldwide Corp. in 2014 to In re Match Group a decade later, which call for plaintiff-friendly entire fairness review for controller transactions.

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Law 360

FEBRUARY 14, 2025

and Shari Redstone are pointing to a recent Delaware Supreme Court ruling as supporting their claim that common, underlying wrongful acts bar two separate multimillion-dollar coverage claims for litigation costs in 2016 and 2019 focused on control of CBS and Viacom. Four insurers for National Amusements Inc.

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SCOTUSBlog

FEBRUARY 22, 2024

Share The Supreme Court on Thursday rejected a request to temporarily put on hold a bankruptcy plan for the Boy Scouts of America while a challenge to that plan continues in a federal appeals court. Two-and-a-half years later, a bankruptcy court in Delaware confirmed a $2.5

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Law 360

JANUARY 3, 2025

In a closely watched ruling on directors and officers insurer denials of mergers and acquisitions cost "bump-up" payouts, a Delaware judge sided on Friday with Harman International Industries' claims that insurance providers unjustifiably denied coverage for a $28 million settlement of challenges to Harman's 2017 merger with Samsung Electronics America (..)

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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 25, 2022

s scheduled March 10 director election, in a Delaware Chancery Court ruling that nevertheless deemed some Alden claims possible fodder for post-vote arguments. An Alden Global Capital LLC affiliate lost a bid late Friday to delay or block media company Lee Enterprises Inc.'s

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Law 360

MARCH 20, 2023

Debtors in the Delaware Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. sued the liquidators of a non-debtor Bahamian entity late Sunday, seeking a bankruptcy court ruling that the foreign entity has no claim to any of the property in the FTX empire.

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Law 360

FEBRUARY 20, 2025

Acknowledging that "some of those who lose don't take it well" and have tools to "cause judges great pain," Delaware's chief justice told a state budget panel Thursday that social media had amplified dissatisfaction with some court rulings despite global respect for the state's system.

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Law 360

AUGUST 3, 2022

Twitter asked Delaware's chancellor on Wednesday to bar unwilling buyer Elon Musk from filing an early public answer to the social media giant's lawsuit to force him to close on a $44 billion take-private deal, arguing that court rules gave Twitter until late Aug.

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Patently O

FEBRUARY 22, 2023

That’s because current disclosure of litigation funding relies on a patchwork of state law, court rules, self-reporting, FOIA requests, leaks to journalists, and funding pitches. Some, as noted above, have even banned the practice at common law, though state courts have increasingly relaxed those rules in favor of regulation. [23]

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Law 360

SEPTEMBER 30, 2022

Recent Delaware bankruptcy court rulings are a reminder that a creditor's right to sue a company's directors depends on whether a borrower is a corporation or a limited liability company, and that LLC creditors cannot sue directors for fiduciary breaches or otherwise pursue derivative claims, say David Hillman and Peter Antoszyk at Proskauer.

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Law 360

MARCH 12, 2025

Delaware's top court has backed a Chancery Court ruling that Alphonso Inc., a TV data company majority-owned by an LG subsidiary, was not permitted to push out five co-founders.

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Law 360

NOVEMBER 27, 2024

Fourteen law professors have urged Delaware's Supreme Court to reject what they branded as a corporate bar effort to use an appeal from a Chancery Court ruling — potentially mooted for future claims by a new law — in order to "enact a sweeping transformation of the way that Delaware's corporate law gets made."

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Law 360

MAY 28, 2024

The former CEO of a 3D building imaging company is owed more than $79 million in damages in his share value suit against the company, but not the more than $141 million he sought, the Delaware Chancery Court ruled Tuesday.

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Law 360

FEBRUARY 7, 2025

The recent Delaware Superior Court ruling in Harman International v. Illinois National Insurance offers a critical framework for interpreting bump-up exclusions in management liability insurance policies, and follows the case law trend of narrow interpretation of such exclusions, says Simone Haugen at Tressler.

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The Crime Report

APRIL 26, 2021

The Supreme Court agreed on Monday to hear an appeal to expand gun rights in the United States in a New York case over the right to carry a firearm in public for self-defense, marking the court’s first foray into gun rights since Justice Amy Coney Barrett came on board in October, making a 6-3 conservative majority, reports the Chicago Tribune.

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Law 360

DECEMBER 10, 2021

A Delaware Chancery Court judge on Friday rejected investment firm Polychain Capital's bid to keep under wraps an arbitration award in an investors' rights dispute with Pantera Venture Fund that it's seeking to overturn, finding Polychain's "unreasonably extensive" redactions don't align with the "letter or spirit" of the court's rules.

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Law 360

JANUARY 10, 2022

The Delaware Supreme Court ruled Monday that three Chubb units have no duty to defend Rite Aid in suits brought by Ohio counties over the costs of responding to the opioid epidemic, reversing a trial court's finding that the actions sought potentially covered damages.

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Conflict of Laws

NOVEMBER 9, 2023

A pivotal development in this arena occurred in 2021 when the Delhi High Court rendered a judgement in the case of HK Media Limited and Anr v. Simultaneously, the defendants filed a suit in the United States District Court, asserting non-infringement of the plaintiffs’ rights. Brainlink International Inc., [1]

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Law 360

DECEMBER 18, 2023

Delaware's Supreme Court on Monday overturned a 2022 Chancery Court order that dismissal of federal opioid-related damage claims against AmerisourceBergen in West Virginia justified scuttling a multibillion-dollar stockholder derivative lawsuit, finding the decision "inconsistent" with the court's rules for derivative actions and evidence.

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Law 360

JUNE 13, 2023

The New York Jets got sidelined Tuesday in their Delaware Court of Chancery suit for appointment of a receiver to take control of Fubo Gaming Inc.'s s dissolution, with a from-the-bench court ruling that the legal play was premature.

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Law 360

JULY 20, 2022

Delaware's Supreme Court has reversed a Chancery Court ruling that upheld stockholder document demands for a probe of alleged insider trading by top NVIDIA Corp. figures, finding that the company was unfairly denied access to witnesses and their statements before trial.

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Law 360

JANUARY 17, 2024

The Delaware Supreme Court on Wednesday affirmed a lower court ruling that tossed shareholder lawsuits against Fox Corp. and Snap Inc. claiming the companies are required to let shareholders vote on proposed charter amendments to exculpate officers, thereby clearing them of certain liabilities

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Law 360

AUGUST 29, 2022

stockholders have told the Delaware Supreme Court that "four decades of carefully crafted jurisprudence" would be upended and a key entire fairness standard rendered "a paper tiger" if the justices let stand a trial court ruling in litigation over Tesla's purchase of SolarCity. Attorneys for Tesla Inc.

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Law 360

MAY 17, 2023

does not owe stock to a former employee for his unvested stock options in an acquired subsidiary because VMware's obligations to pay him ended when he left the company, Delaware's Chancery Court ruled Tuesday. Cloud technology company VMware Inc.

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Law 360

MAY 12, 2023

billion deal, the Delaware Chancery Court ruled Friday. Ellison did not coerce the company into paying $3 billion too much for NetSuite Inc. in 2016 and did not mislead a special board committee that was negotiating the $9.3

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Law 360

JUNE 27, 2022

s board chairman will preside over an upcoming meeting where shareholders will vote for directors, the Delaware Chancery Court ruled Monday, rejecting a bid from the chair's rival, the company's CEO, for neutral counsel to conduct the meeting. Aerojet Rocketdyne Holdings Inc.'s

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Law 360

FEBRUARY 22, 2024

In Cantor Fitzgerald v.

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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

APRIL 5, 2022

s next annual meeting whether to hold a special meeting later to consider his alternative slate of directors is procedurally invalid, the head of Delaware's Chancery Court ruled Tuesday. A proposal from activist investor Carl Icahn that stockholders decide at Southwest Gas Holdings Inc.'s

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Law 360

JANUARY 21, 2022

directors and its controlling stockholder of using the company as a closely held "piggy bank" were dismissed Friday in a Delaware Chancery Court ruling that kept alive two counts against controller Innovate Corp. Most claims in a suit accusing DBM Global Inc. and one director.

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Law 360

SEPTEMBER 18, 2023

Objections, Delaware Chancery Court rulings and the stock market have deeply eroded what was once expected to be a $20 million stockholder class attorney fee awarded to counsel for AMC Entertainment Inc. stockholders who recently battled the company to compromise on a dilutive share conversion plan.

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Law 360

SEPTEMBER 30, 2022

A Delaware federal court ruled that an ex-executive of an insurance company owes her former employer $200,000 in stock benefits after she left her job for a competitor, despite her protests that the company decided she needed to fork over the stock in a bad faith process.

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The Fashion Law

JUNE 10, 2021

They were swiftly followed by a handful of additional filings by other retailers, signaling that there is no end in sight to the constant string of fashion and other retail companies struggling financially and looking to bankruptcies courts for protection from their creditors. June 2021 – Alex and Ani. If approved by the U.S.

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SCOTUSBlog

APRIL 20, 2022

Share The Relist Watch column examines cert petitions that the Supreme Court has “relisted” for its upcoming conference. The court denied cert on Monday. Justice Sonia Sotomayor, joined by Justices Stephen Breyer and Elena Kagan, filed an opinion dissenting from the court’s denial of summary vacatur.

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Conflict of Laws

JUNE 29, 2023

This also applies to the extended possibility of choice of court agreements, for which it is still unclear whether exclusive prorogation is possible beyond the cases named in Article 10 section 4 of the Brussels II ter Regulation. Only if the rules are interpreted with a sense of proportion the desired improvements can be achieved.

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