Attorneys who brought the lawsuit against a compensation package granted to Elon Musk by Tesla shareholders have been awarded $345 million in legal fees after the pay package was blocked a second time.
WILMINGTON, Del. (Legal Newsline) - Mark Zuckerberg may be one of the world’s most powerful people by dint of his control of Facebook owner Meta, but that doesn’t expose him to liability for failing to fix the world’s problems, Delaware’s Chancery Court ruled.
WILMINGTON, Del. (Legal Newsline) - One of the richest class action law firms in America wants to line its pockets with billions of dollars of Tesla stock as a reward for challenging Elon Musk's paycheck.
WILMINGTON, Del. (Legal Newsline) - Securities class action lawyers are rejoicing at a recent ruling that gives them 26.7 % of the largest cash recovery in the history of the Delaware Court of Chancery.
WILMINGTON, Del. (Legal Newsline) - Shareholders of Block Inc. can't sue the company's management, including Twitter co-founder Jack Dorsey, for its purchase of Jay-Z's streaming music service TIDAL.
WILMINGTON, Del. (Legal Newsline) - Merck is stuck with mounting costs from lawsuits over Dr. Scholl’s foot powder, which plaintiff lawyers claim can cause cancer, even though it sold the division containing that business to Bayer for $14 billion nearly a decade ago, a Delaware judge ruled.
WILMINGTON, Del. (Legal Newsline) – A Delaware judge has ruled against a man losing his battle with COVID-19 who sought to obtain a court order requiring his health care providers to treat him with ivermectin.
WILMINGTON, Del. (Legal Newsline) — In a Sept. 7 ruling, Delaware Court of Chancery granted permission to Boeing stockholders, suing on behalf of the company, to pursue allegations the board of directors caused two deadly 737 plane wrecks through a lack of oversight.
WILMINGTON, Del. (Legal Newsline) – Stockholders of Boeing suing on behalf of the company have plausibly alleged that a lack of oversight on the part of the board of directors led to two catastrophic wrecks of its 737 planes in 2018-19.
WILMINGTON, Del. (Legal Newsline) - A “conflicts committee” that was supposed to be conflict-free but wasn’t tainted but did not invalidate the $10 billion merger between two pipeline companies, a Delaware court ruled in a decision dismissing a lawsuit seeking more than $2 billion in damages.
WILMINGTON, Del. (Legal Newsline) - McDonald’s Corp. can sue its former chief executive in Delaware over allegations he fraudulently concealed evidence of relationships with several employees in order to leave the company with full severance benefits, a judge ruled.
WILMINGTON, Del. (Legal Newsline) - Former CBS shareholders can sue Shari Redstone and directors who rubber-stamped the company’s merger with Viacom, a Delaware judge ruled, less than a month after he allowed Viacom shareholders to sue over the same transaction.
GEORGETOWN, Del. (Legal Newsline) – A Delaware woman who sued Donald Trump for dooming people to hell has had her complaint dismissed as legally frivolous.
The Chemours Company couldn’t survive dismissal in its legal issue over a separation agreement with a company it was the subsidiary of previously. Vice Chancellor Glasscock of The Court of Chancery dismissed the case because of an arbitration provision on March 30.
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.
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.
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.
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.
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.
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.
