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Join the Securities Litigation and Enforcement Group on LinkedInJudge in Twitter v. Musk once made rare ruling: ordering a deal to close | Reuters
Kathaleen McCormick took over the role of chancellor or chief judge of the Court of Chancery last year, the first woman in that role. On Wednesday, she was assigned the Twitter lawsuit which seeks to force Musk to complete his deal for the social media platform, which promises to be one of the biggest legal […]
What Is Delaware’s Court of Chancery and Its Role in Elon Musk’s Twitter Deal? – The New York Times
“If you want to have your business disputes resolved by experts, you will generally prefer Delaware,” said Joseph Grundfest, a professor of corporate governance at Stanford Law School. “You might be able to fool some judges somewhere, but you’re less likely to be able to fool these judges because they see this stuff all the […]
Delaware Supreme Court: What is a “Securities Claim”? | The D&O Diary
Most public company D&O insurance policies provide coverage for the corporate entity only for “Securities Claims.” But what constitutes a “Securities Claim”? That is the question the Delaware Supreme Court addressed in a recent appeal of an insurance coverage dispute in which a bankruptcy trustee had sued Verizon for breach of fiduciary duty, unlawful payment […]
Delaware judge tosses shareholder suit against Walmart directors – The FCPA Blog
A Delaware judge Friday dismissed a shareholder lawsuit against the directors of Wal-Mart Stores Inc. that alleged the directors failed to conduct a proper investigation into allegations of bribery in Mexico. Chancery Court Judge Andre Bouchard said the shareholders had already lost a federal lawsuit in Arkansas on the same claims. via Delaware judge tosses […]
Record $285 million fee award is Strine’s message to plaintiffs’ bar
Strine’s fee award “a message to the entire securities class action bar.”