Delaware Law360 provides breaking news and analysis on legal and regulatory issues in Delaware. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
Navient Corp. urged a Pennsylvania federal judge on Thursday to narrow the Consumer Financial Protection Bureau's lawsuit accusing it of harmful federal student loan servicing practices, saying the agency hasn't backed up its allegations that borrowers struggling to make payments were steered into opting for costly quick fixes.
Medical device company Neurvana Medical LLC filed a lawsuit in Delaware Chancery Court on Thursday claiming competitor Balt USA LLC and its president are trying to sabotage and destroy Neurvana after the president was ousted from its board for alleged hostile behavior.
The Delaware Supreme Court ruled Thursday that the Chancery Court correctly tossed a $1.6 million insurance liability suit brought by environmental cleanup firm US Ecology Inc. against the buyer of its spun-off subsidiary, agreeing the sale contract didn't include repayment obligations for noncovered insurance costs.
Unsecured creditors of bankrupt cosmetics retailer Beauty Brands LLC called Thursday for rejection of the retailer's Delaware Chapter 11 sale plan, arguing for an open auction in lieu of a stalking horse sale led by a liquidation company.
Coupon and customer data firm Catalina Marketing Corp. received final approval of its $275 million debtor-in-possession financing Thursday in Delaware after resolving the objection of joint venture partner The Nielsen Company.