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Ending one skirmish amid the legal battles at Tesla over excessive compensation, a Delaware Chancery Court on January 8 approved a deal that Teslas board of directors struck 18 months ago to return roughly $919 million to the company. Along with the settlement, Delaware Chancery Court Chancellor Kathaleen McCormick also approved $176.2
This court commentator is a practicing attorneys, not a reporter. The post 3 Questions For A DelawareLitigator And Court Commentator (Part II) appeared first on Above the Law. He has a better idea of when a decision is significant and when it’s not.
The post 3 Questions For A DelawareLitigator And Court Commentator (Part I) appeared first on Above the Law. Andrew Russell's coverage of the fast-changing developments in a popular patent jurisdiction have been both enlightening and indispensable.
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.
The state’s top court upheld fee-shifting of a contingent fee. Analogous logic could apply to the costs of litigation funding. The post Why A Delaware Supreme Court Decision Affirming Shifting A Contingency Fee To The Losing Party Could Have Applications To Recovering The Costs Of Litigation Funding appeared first on Above the Law.
No other district court other than Texas has as much impact on patent litigation as Delaware. The post 3 Lessons From The Delaware Bench Bar Conference (Part I) appeared first on Above the Law.
Delaware Chancery Court decisions last week touched on foot powder litigation, an AMC settlement and in-person signage as damage control for a postponed hearing. New cases ranged from Amazon sales centers to a fibrosis drug.
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]
Fox Rothschild LLP has added an attorney to its Delaware office who spent more than a decade at commercial litigation boutique Abrams & Bayliss LLP to bolster its ability to handle cases in the Chancery and other courts.
Delaware'sCourt of Chancery last week approved an "extraordinary" $167.5 million damage request, and lamented the difficulties of enforcing court orders for faraway litigants. In case you missed any of it, here's the latest from Delaware's Chancery Court.
Controversy came to the Delaware Chancery Court as advocates panned the governor's nominee for a vacant seat. In the meantime, Lynn Tilton's management of Stila Styles got a makeover, a delivery from Amazon got a winning review, and a unanimous Delaware Supreme Court ruling may finally spell an end to TransPerfect litigation.
Some settle quickly after a case is filed, while others do not reach their denouement until after a trip up to the Federal Circuit or even the Supreme Court. There are of course more demanding situations, where licensing specialists may be brought in to assist the litigation team in an effort to protect the clients interests to their maximum.
Delaware's corporate and commercial law courts are heading into 2025 with a heavier caseload than ever, while facing unprecedented criticism from the corporate bar, state lawmakers and unhappy litigants in a changing social and political landscape.
We were curious as to the status of online court help to the self-represented litigants as a good 2021 year-end wrapup article for the CTB? Colorado courts have a dedicated page for "Efiling for Non-Attorneys" at: [link] There are links to forms and video/written tutorials listed. We share what we found below.
Zuckerberg, the Delaware Supreme Court adopted a new universal test for assessing a board’s ability to independently assess a shareholder litigation demand, which may close off certain paths for plaintiffs who seek to plead demand futility, say Courtney Worcester and Roger Lane at Holland & Knight.
Delaware has long been the preferred state of incorporation for corporations due to its business friendly legal framework, its specialized Court of Chancery, and its well-developed and unified body of corporate law. 4] Delawares Corporate Dominance Delaware has historically been the preferred jurisdiction for corporations.
district judge in Delaware but who last month became a judge of the Court of Appeals for the Federal Circuit — sided with ROSS. However, the judge did not accept a second antitrust theory asserted by ROSS — that TR had engaged in anticompetitive conduct by pursuing sham litigation. Judge Leonard P.
has agreed to resolve derivative claims in multiple stockholder suits in California federal court and Delaware'sCourt of Chancery by implementing corporate governance reforms and paying up to $2.15 Pop culture lifestyle brand Funko Inc. million to plaintiffs' attorneys, the company has announced.
and an NAI affiliate won a partial victory Friday in a Delaware Superior Court battle over potential partial insurance coverage for payouts in CBS-Viacom merger challenges that recently produced a $289.5 million pair of tentative Chancery Court stockholder settlements. Redstone, National Amusements Inc.
Litigation linked to billionaire Elon Musk sparked several filings in Delaware'sCourt of Chancery last week, including a call for sanctions and hand-wringing about a proposed multibillion-dollar attorney fee. Other court activity centered on Paramount's proposed $4.5
Amendments to Delaware's General Corporation Law topped the news out of the Court of Chancery again last week, as the hotly contested measure sailed through the state's legislature.
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. An attorney for Camping World Holdings Inc.
From chewing gum to Netflix, cannabis to Caribbean jet-setting, Delaware Chancery Courtlitigation covered its share of vices last week. Not to mention proxy battles, insider trading allegations, share appraisal demands and lots of foot-dragging.
Last week in Delaware'sCourt of Chancery, litigants battled as Truth Social went public, Carl Icahn and Tripadvisor hit a roadblock, and more shareholders wailed about "invasive" bylaws. Oil drilling and pharmaceutical mergers sparked new lawsuits, and a sewing machine trademark owner snipped a long-running thread.
Lawsuits that went nowhere got pretty expensive in Delaware'sCourt of Chancery last week, which saw the award of a multimillion-dollar "mootness" fee and a settlement of litigation that closed a $720 million deal. New cases involved Walt Disney, Real Life, Zendesk and animal health company Covetrus Inc.
The Delaware Chancery Court's first full dismissal of claims challenging a special purpose acquisition company transaction under the entire fairness doctrine in the recent Hennessy Capital Acquisition Stockholder Litigation establishes useful precedent to abate the flood of SPAC litigation, says Lisa Bugni and Benjamin Lee at King & Spalding.
A fast-moving legislative push to curb some stockholder litigation and large class attorney fees in Delawarecourts is getting more pushback, two weeks ahead of an initial state Senate hearing on the measure.
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.
in consolidated litigation in Delaware'sCourt of Chancery over a $3.7 Prickett Jones & Elliot, Grant & Eisenhofer PA, and Kessler Topaz Meltzer & Check will together represent a proposed class of investors in grill maker Weber Inc. billion squeeze-out by private equity firm BDT Capital Partners LLC, Chancellor Kathaleen St.
An "absolute litigation privilege" barring lawsuits targeting defamation related to court action in Delaware doesn't block involuntary LLC share repurchase demands triggered by a terminated subsidiary officer's alleged defamatory statements, a Delaware judge has ruled.
Delaware Self-Dealing Law In the U.S., 6] The business judgment rule is the legal standard a court uses to analyze whether the board has fulfilled the duty of care. [7] 19] The Delaware Supreme Court established the latest iteration of the entire fairness standard in Weinberger v. Delaware Self-Dealing Law In the U.S.,
Clark Hill PLC has added an attorney who previously led Elliott Greenleaf PC's Delaware office to help bolster the firm's litigation team and its work handling corporate litigation in the First State's esteemed Chancery Court.
In most instances, the courts have indicated that an employee’s home office is insufficient to establish venue absent the company ratifying that home office as a “regular and established place of business.” The district court disagreed with Monolithic and denied its motion. an employee’s home] to make it its own.”
Delaware's Supreme Court adopted a new more stringent demand-futility standard for derivative suits Thursday and upheld the dismissal of a Facebook investor's $95 million derivative suit that sought to recover litigation fees Facebook spent defending CEO Mark Zuckerberg's eventually abandoned stock reclassification plan.
The Delaware Chancery Court on Tuesday granted a request from a special litigation committee of Twitter Inc.'s s board of directors for a six-month pause on a derivative lawsuit accusing the company of spending $3 billion to appease "aggressive" stockholders bent on CEO Jack Dorsey's ouster.
A recent study claimed that litigation funders have fled Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
Lots of travel-related litigation in Delaware'sCourt of Chancery last week, with cases involving TripAdvisor, Hertz Global Holdings, engine parts manufacturer Carter Carburetor, and a reference to the purgatorial Hotel California. In case you missed it, here's the latest from Delaware's Chancery Court.
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. Attorneys for former CBS Corp. stockholders are seeking more than $45 million in fees for their work on a $167.5
Last week Delaware's Chancery Court greenlighted a record-setting settlement with Boeing directors, shunned a call to fund an entrenched Aerojet boardroom split, and snuffed out a new flame of litigation as Lee Enterprises continued to fend off a hostile takeover by Alden Global Capital.
Hagens Berman Sobol Shapiro LLP was appointed lead counsel in securities litigation claiming Beauty Health Co. hid the news of a defective skin care device, beating competing bids from Glancy Prongay & Murray LLP and Pomerantz LLP, according to an order in Delaware federal court.
A transportation services company and cryptocurrency fund both exited litigation, a grill maker and EV-charging company fired up new cases, and biotechs bandaged old wounds while judges fast-tracked a musical power struggle and unwound a REIT deal. All told, a typical week for Delaware'scourt of equity.
Delaware'sCourt of Chancery tuned in to several music-related disputes last week, with two settlements involving Sirius XM and a new case over the late musician Prince's estate. Other litigation related to various ventures focused on house-flipping, house-cleaning, home-building, funerals and hospital workers' scrubs.
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