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Specifically focused on corporate purchases and sales and the laws involved with public entitites.
Delaware Business Court Insider
By Kaan Ekiner and Mark E. Felger | July 5, 2023
In this stockholder derivative action, the plaintiff claimed that the defendants—members of Tesla's board of directors—breached their fiduciary duties by awarding themselves excessive and unfair compensation between 2017 and 2020.
8 minute read
Delaware Business Court Insider
By Michael Riccardi | July 3, 2023
The litigation was said to have resulted in one of the largest shareholder verdicts in Delaware history.
5 minute read
By Corey D. Berman | July 3, 2023
The court's majority rejected the argument that such an assertion of jurisdiction violated the company's due process rights in a case that will have ramifications for companies doing business nationwide, including in the state of Florida.
10 minute read
By Allison Dunn | June 29, 2023
This complaint was first surfaced by Law.com Radar.
3 minute read
By Alexis Leventhal, Richard Tannenbaum and Victoria Smith | June 29, 2023
Article 9 of the Uniform Commercial Code (UCC) governs secured transactions, and Part 6 of this article governs the rights and duties of the parties in the event of default. In the event of default by a debtor, a secured party may repossess the collateral and dispose of it through a sale, lease, license, or other form of disposition.
7 minute read
Delaware Business Court Insider
By Cliff C. Gardner and Andrew Kinsey | June 28, 2023
In Ontario Provincial Council of Carpenters' Pension Trust Fund v. Walton, Vice Chancellor Laster mostly denied motions to dismiss claims against officers and directors of Walmart for allegedly causing Walmart to fail to comply with the Controlled Substances Act and a settlement between it and the DEA related to Walmart's handling of opioid prescriptions.
7 minute read
Delaware Business Court Insider
By Michael B, Gonen | June 21, 2023
The court reasoned that Delaware law permits such covenants, subject to two ifs and one but—and declined to dismiss, reasoning that the covenant at issue was valid but that plaintiffs had adequately pleaded intentional fiduciary misconduct.
8 minute read
By Alexa E. Miller | June 15, 2023
The Temporary Workers' Bill of Rights brings new employment protections to an estimated 130,000 temporary workers in New Jersey at a time when employers are increasingly turning to staffing firms to outsource job functions and fill gaps in their workforce.
12 minute read
Delaware Business Court Insider
By K. Tyler O'Connell | June 14, 2023
Writing for the court en banc, Justice Karen L. Valihura explained why the stockholder-plaintiffs' arguments did not undermine the Court of Chancery's conclusions as to either "fair dealing" or "fair price."
5 minute read
Delaware Business Court Insider
By Robert B. Greco | June 14, 2023
A recent opinion from the U.S. Bankruptcy Court for the District of Delaware, In re CII Parent, provides helpful guidance on drafting proxies and highlights potential pitfalls for the unwary, including in relation to the proxyholder's power to execute and deliver stockholder consents.
7 minute read
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