U.S. District Court for the District of Delaware

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U.S. District Court for the District of Delaware News

Bob Evans Farms stockholder alleges incomplete proxy statement was filed

WILMINGTON, Del. (Legal Newsline) – A Bob Evans Farms stockholder has filed a class action lawsuit against it and the company's board of directors over allegations of a failure to disclose information.

Trustee, U.S. Bank poke noses in CFPB's $21M student loan settlement

WILMINGTON, Del. (Legal Newsline) – Two financial agencies have filed motions to intervene in a federal agency's $21.6 million settlement with student loan trusts over allegations of illegal debt collection.

Stockerholder seeks to halt transaction between Kite Pharma, Gilead Sciences

WILMINGTON, Del. (Legal Newsline) – A stockholder of Kite Pharma is seeking to enjoin a proposed transaction because of an alleged violation of federal securities laws.

AmTrust Financial Services Inc. officers accused of fraudulent practices

WILMINGTON, Del. (Legal Newsline) – Stockholders allege that current and former officers and directors of AmTrust Financial Services breached their fiduciary duties

Shareholder alleges Panera Bread violated law

WILMINGTON, Del. (Legal Newsline) — A shareholder has filed a class action lawsuit against Panera Bread and company officials, alleging violation of the 1934 Securities Exchange Act.

Stockholder alleges RetailMeNot, board members violated law

DOVER, Del. (Legal Newsline) — A common stockholder has filed a class action lawsuit against a Texas corporation and its board, alleging violation of federal law.

Shareholder derivative lawsuit filed against Tesla board of directors

The plaintiffs allege, according to a motion for permission to file under seal, violations of federal securities laws and state laws.

Add lawsuit filed over alleged escheatment of shares to Alere’s list of woes

A Swiss doctor filed his lawsuit against Alere Inc. and Computershare Limited in the U.S. District Court for the District of Delaware last month. In 2008, the plaintiff acquired 11,931 shares in Alere, and held those shares until, he claims, they were wrongfully escheated, or seized by the State of Delaware, in February 2013.

Public-interest firm calls $5.5 million settlement with Google over privacy settings ‘unacceptable’

According to the Competitive Enterprise Institute’s Center for Class Action Fairness’ filing last month, class counsel negotiated a settlement that provided zero dollars to class members and $5.5 million to be divided between class counsel and third-party charities.

Stockholder alleges insider dealings in plan to purchase Fresh Market

WILMINGTON, Del. (Legal Newsline) – A stockholder is suing Fresh Market, alleging violations of the Securities Exchange Act.

Dole, officers sued over allegedly artificially reducing stock

WILMINGTON, Del. (Legal Newsline) – A San Antonio public pension fund and a San Antonio health care fund are suing a fruit and vegetable producer and two of its chief officers over claims they artificially reduced the company's stock price.