This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Judge John Dorsey of the United States Bankruptcy Court District of Delaware rejected in part and ruled in favor in part of a motion Friday by bankrupt cryptocurrency trading company FTX’s debtors and the Official Committee of Unsecured Creditors requesting the company’s customer list stay private.
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
In a coincidence of timing that reflects how legal professionals are wrestling with issues around generative artificial intelligence, the supreme courts of Delaware and Georgia issued orders within a day of each other last week relating to the use of AI in the courts and by legal professionals.
Overview On January 30, 2024, the Delaware Chancery Court voided Elon Musk’s $55.8 In response, Musk expressed public criticism of the Court’s decision, including posting on X (formerly Twitter) that entrepreneurs and founders should “never incorporate your company in the state of Delaware.” Should companies relocate from Delaware?
million shopping mall deal, some questionable Amazon deliveries and long-ago expired ketchup: it was all part of the comings and goings in Delaware's Court of Chancery last week. New cases involved mining and cybersecurity companies, board takeovers, "weaponized" director election provisions, and legal fees following a $3.1
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. The Importance of Incorporation Incorporation has major legal and financial implications.
Last week, a Tesla stockholder threw a rock at Elon Musk's glass house, Floor & Decor shareholders got an updated order, Abercrombie & Fitch's former CEO sought legal fees, and Rwanda moved ahead in its lawsuit against a Massachusetts pharmaceutical company.
Delaware's Chancery Court got trendy last week with two disputes over alleged fake social media campaigns and the fast-tracking of a case involving a New York reality TV star. Court watchers also bid farewell to two legal legends who left their mark on Chancery Court.
Whether there is an unstated agreement among Delaware’slegal and business consultants and operators and the judges of the Chancery and other courts to find creative ways to continue tapping companies embroiled in the court system would take a longer and more comprehensive investigation.
“Musk’s $56 Billion Appeal Threatens ‘Dumpster Fire’ Consequences; Judge refuses to reverse landmark decision after investor vote; Sets up appeal to Delaware high court after 6-year legal saga”: Mike Leonard and Jennifer Kay of Bloomberg Law have this report.
On one side is Delaware. The 30 states are challenging Delaware’s practice of taking funds associated with certain checks that were issued by MoneyGram, sold around the country, and never cashed. The case, known as Delaware v. For Delaware, the issue is especially important because many businesses are incorporated there.
Last week in Delaware's Chancery Court, former Twitter executives recouped their legal fees, Takeda Pharmaceuticals got a big bill, Golden Nugget casino investors rolled the dice on a settlement, and Straight Path investors scored a hollow victory. In case you missed it, here's all the latest from Chancery Court.
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. Later the district court became aware that IP Edge LLC was assigning patents to various LLCs, who in turn were acting as plaintiffs in patent cases filed in the District of Delaware.
American Lawyer ] * Musk’s lawyers trying to change Delaware law to authorize his pay proposal to pocket roughly half of the company’s assets as compensation for himself. Reuters ] * Remember when the government made 3-year-olds defend themselves in legal hearings ? It’s back! [ appeared first on Above the Law.
A federal judge in Delaware has dismissed the claim by now-shuttered legal research startup ROSS Intelligence that Thomson Reuters violated federal antitrust law by unlawfully tying its search tool to its public law database in order to maintain its dominance in the overall market for legal search platforms.
A former top officer of Sotera Health Company has sued the lab testing and industrial sterilization giant in Delaware's Court of Chancery, alleging the company failed to provide legal fee advancement for suits targeting a subsidiary's emissions of cancer-causing pollution from a suburban Chicago plant.
A Delaware vice chancellor granted summary judgment in favor of some legal fee claims Monday, filed by a former engineering company CEO who sued for indemnification in multiple actions after he was targeted in litigation over fraudulent assertion of veteran-owned company preference.
Delaware's courts will continue to assert control over a multibillion-dollar Tesla Inc. legal fee dispute despite the company's rushed effort to reincorporate in Texas and potentially put CEO Elon Musk's massive, multiyear compensation plan beyond the state's reach, those familiar with the case said Friday.
Delaware's Court of Chancery also saw new suits filed for legal fees, arguments over multibillion-dollar pay packages, and a judge flummoxed over Truth Social.
However, the legal status of this requirement has been in flux, with businesses being told they must comply, then being told they don’t, being told again they do, and told yet again they dont. For the latest insights on the CTA and other legal news, be sure to follow us on LinkedIn.
As Delaware lawmakers advance changes to the state's general corporation law aimed in part at stopping companies from moving their corporate charters they are facing increased pressure from their counterparts in Texas, where legislation appears to be on a fast dash in an attempt to convince more businesses to make it their legal home.
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.
s co-founder has filed a lawsuit in Delaware's Chancery Court seeking to have the company advance him legal fees in connection with federal agency investigations into suspected fraud and securities law violations and in defense of claims he faces in two lawsuits in California federal court. Ozy Media Inc.'s
The Delaware Supreme Court's recent ruling in favor of carriers in a $20 million directors and officers insurance case serves as another warning to policyholders that having their coverage disputes heard under the First State's laws doesn't always guarantee success, legal experts say.
The suit, first filed under seal last week, was brought on behalf of Central Laborers’ Pension Fund and Construction Industry Laborers Pension Fund in a Delaware court. The two pension funds allege that SolarWinds ignored widespread warnings about the company’s heightened risk for attack. Both pension funds are SolarWinds stockholders.
The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. It automatically downloads the filing and distributes it to the members of a legal team. . In Delaware, the pro hac vice counsel doesn’t get the notice,” he said.
The Delaware court system is recognized throughout the legal profession as a leading forum for the litigation of business and commercial disputes. It automatically downloads the filing and distributes it to the members of a legal team. . In Delaware, the pro hac vice counsel doesn’t get the notice,” he said.
Veritext Legal Solutions Launches Student Resource Center and Recruitment Materials to Support the Next Generation of Stenographers. About Veritext Legal Solutions. The post Veritext Legal Solutions Launches Student Resource Center appeared first on Connor Reporting. To visit the Veritext Student Resource Center, go to [link].
You Can't Just Assume Delaware!: Innovative plans may save the state's legal future. Still Waiting On Those Bonuses: When will this Biglaw firm (and others) share the good news ? Texas lays the groundwork to be a major incorporation hub. AI Innovates In Error Too: These AI mistakes were all too human. Don't Count Indiana Out!:
It has been a while since I have written about the copyright lawsuit by legal research giant Thomson Reuters against the no-shuttered legal research startup Ross Intelligence, in which TR alleges that Ross stole copyright content from Westlaw to build its own completing legal research product. See all stories about this lawsuit.
Lawyers for Twitter filed a lawsuit in the Delaware Court of Chancery on Tuesday after Musk’s lawyers wrote to Twitter and stated that Musk wished to terminate the acquisition agreement due to a breach of terms.
This effort marks the first Amazon union vote since 2014, when a group of Delaware Amazon technicians voted against unionizing. The post Amazon accused of illegal election interference following Alabama union vote appeared first on JURIST - News - Legal News & Commentary.
DiliTrust, a company headquartered in Paris, France, that provides an all-in-one corporate governance suite for in-house legal teams, has acquired the U.S.-based based enterprise legal management company doeLEGAL, which provides software for matter management, e-billing and e-discovery to corporate and law firm customers.
Bridal design business JLM Couture filed for bankruptcy in Delaware with more than $2.1 million in liabilities after a legal dispute with a former designer pushed it toward insolvency.
A longtime expert on Delaware's general corporation law disputed on Monday predictions that a recently signed legislative overhaul will upend dozens of important precedents in the state.
For the latest insights on the CTA and other legal news, be sure to follow us on LinkedIn. To pay online, visit the Delaware Division of Corporations Payment Portal here: Delaware Division of Corporations Online Payment. Stay informed, stay compliant, and as always, thank you for trusting Parasec as your compliance partner.
Nearly three decades after a "maggot" reference in a deposition prompted the Delaware Supreme Court to rebuke a lack of civility, a certain roughness is creeping back into the state's legal proceedings — and the Court of Chancery wants it to stop.
Shaky defenses, negative Delaware Court of Chancery rulings and the risk of costly sanctions appear to have scuttled tech mogul Elon Musk's attempt to escape his $44 billion agreement to take Twitter Inc. private, experts told Law360, although the case remained live and moving forward Wednesday.
The founder of security and information technology service venture Counter Threat Solutions sued the company that acquired it for legal fee advancement in Delaware's Court of Chancery, after accusing the buyer in a Delaware Superior Court suit of fabricating post-closing indemnity claims and refusing to honor payment terms.
I can clearly see around the inbox area, and it allows for easy (contact-less) drop-off from my legal assistant and my other co-workers. I have five beautiful children and live in Delaware at the beach. I am also a Delaware Certified Paralegal and the Newsletter Editor for the Delaware Paralegal Association’s newsletter, The Reporter.
Delaware's Chancery Court rejected on Thursday a bid by former InterMune CEO W. Scott Harkonen to escape demands to repay nearly $6 million in legal fees covered by biotech venture InterMune Inc. and insurers during his unsuccessful defense against a 2009 wire fraud conviction, denying all claims for legal fee indemnification.
Twitter struck first in the legal battle with Elon Musk over his attempts to back out of a $44 billion deal to buy the social media giant, launching a frank complaint Tuesday in the Delaware Chancery Court that hammers the billionaire with heaps of vitriol and spares few adjectives to describe an alleged plot to cancel the transaction.
The Delaware Chancery Court’s recent Moelis decision highlights the importance of structuring corporate governance around investor demand, meaning early-stage companies seeking venture funding through sales of preferred stock should understand the legal documents needed to do so successfully, say Daniel Bell-Garcia and Tristan Kaisharis at Winstead. (..)
We organize all of the trending information in your field so you don't have to. Join 99,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content