Delaware Court of Chancery
Recent News About Delaware Court of Chancery
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Tesla shareholder lawsuit against Elon Musk will proceed
WILMINGTON, Del. (Legal Newsline) - A Delaware Chancery Court judge has denied Elon Musk’s request to dismiss a consolidated shareholder lawsuit related to Tesla’s acquisition of SolarCity Corporation.
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Delaware court determines which documents should be produced to plaintiff in ongoing Oracle litigation
WILMINGTON, Del. (Legal Newsline) – The Firemen’s Retirement System of St. Louis, a stockholder in Oracle Corp., was granted in part and denied in part its motion in its lawsuit against Oracle and several of its officers amid claims that it organized an acquisition that would leave the corporation at a disadvantage.
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Delaware judge opens new door in opioid litigation for securities class action lawyers
WILMINGTON, Del. (Legal Newsline) - A Delaware judge has ordered pharmaceutical distributor AmerisourceBergen to open its books and records to lawyers investigating a possible lawsuit over the company’s allegedly improper sales of opioids, opening a potentially expensive new front in litigation that has already cost the industry billions.
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Delaware court grants some summary judgment motions in dispute over fraud claims concerning demolition company
WILMINGTON, Del. (Legal Newsline) – Two businesses that once united to form demolition company NorthStar ended up suing one another over allegations of fraud, but neither got a full win in court.
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Judge dismisses stockholder's claims against Fresh Market directors over sale; Allegations against others survive
WILMINGTON, Del. (Legal Newsline) – A Delaware judge has dismissed a former Fresh Market Inc. stockholder's suit against the grocery store chain's directors over the sale of the company.
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Boston Scientific must move forward with buying company - even after exec found to have misled FDA
WILMINGTON, Del. (Legal Newsline) – The Court of Chancery of the State of Delaware ruled on Dec. 18 that a company was not entitled to terminate a merger agreement after learning a vice president of the company it agreed to purchase falsified reports.
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Delaware court called on to settle discovery dispute over access to emails
WILMINGTON, Del. (Legal Newsline) – The Delaware Court of Chancery has issued a decision regarding whether a plaintiff can access emails on a server owned by a defendant in regards to issues of discovery in a civil suit between the two parties.
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ITG Brands denied partial final judgment in case over tobacco settlements
WILMINGTON, Del. (Legal Newsline) – The Delaware Court of Chancery has denied ITG Brand’s motion for partial final judgment and its motion for certification of an interlocutory appeal in its suit against Reynolds American Inc. and R.J. Reynolds Tobacco Co.
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Dispute over lost aviation parts ironed out in Delaware Chancery Court
WILMINGTON, Del. (Legal Newsline) – On Oct. 31, the Delaware Court of Chancery granted summary judgment to both the buyers and the sellers in a suit over an aviation parts deal.
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Delaware judge determines McWane doctrine not relevant in ongoing dispute between energy companies
WILMINGTON, Del. (Legal Newsline) – On Oct. 23, the Court of Chancery of the State of Delaware ruled the McWane doctrine had no place in a case between previously linked companies over transactions of assets.
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Delaware court dismisses most of plaintiffs' claims in suit over $40 million Pro Performance Sports asset sale
WILMINGTON, Del. (Legal Newsline) – A Delaware court has denied in part and granted in part a motion to dismiss a case concerning a $40 million transaction that was claimed to be unfair.
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Delaware court tosses doctor's fraud lawsuit against former urgent care employer
WILMINGTON, Del. (Legal Newsline) – A physician failed to prove to a Delaware court that he was a victim of fraud after he alleged an urgent care company’s merger left him at a disadvantage when it enforced a restrictive covenant.
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Delaware court sees 'several problems' with plaintiff's math in case over Hawk Systems shares
WILMINGTON, Del. (Legal Newsline) – A Florida man’s attempt to get a Delaware court to declare that he’s a majority stockholder in a Delaware corporation based in Palm Beach County, Florida was denied.
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Contract confusion costs former cosmetic company VP in Delaware lawsuit
WILMINGTON, Del. (Legal Newsline) – Delaware's Court of Chancery has ruled that a former cosmetics company vice president of sales and business development failed to prove there is a valid contract in an equity dispute case that involves the parties allegedly each signing two different drafts of a contract.
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Delaware judge calls out lawyers' tendencies to exaggerate, inability to be brief
WILMINGTON, Del. (Legal Newsline) – A lawsuit between a Swiss holding company and a Delaware-based manufacturer isn't as simple as the companies keep claiming, and a Delaware judge recently let them know it.
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Claim against Winklevoss twins dismissed as dispute over investment in nudie mag continues
WILMINGTON, Del. (Legal Newsline) – The Delaware Court of Chancery has ruled to dismiss counterclaims in a case involving brothers Tyler and Cameron Winklevoss over alleged breach of commitments in a magazine investment deal.
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A software company will ask the Delaware SC to pin liability for a $65 million mistake on its lawyers
WILMINGTON, Del. (Legal Newsline) - A company that got about $65 million worth of bad advice from a law firm during a buyout of stockholders should have sued the lawyers before the share price was finalized and while the lawyers were still representing the company, a Delaware judge has ruled.
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Delaware court denies stockholder's request to inspect Tempur Sealy books and records
WILMINGTON, Del. (Legal Newsline) – A Tempur Sealy stockholder, who requested to inspect the company's books and records to prove an alleged breach of contract, has suffered a loss in court.
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Del. court dismisses stockholder's lawsuit against United Airlines; Case stems from agreement to reinstate Newark-Columbia route
WILMINGTON, Del. (Legal Newsline) – A lawsuit filed by a United Airlines stockholder who sued the company and its executives over a separation agreement for a former CEO who approved an unprofitable route has been dismissed.